Indiana Code § 36-1-11-15

Tract transferred as gift by not-for-profit corporation or organization; reconveyance
Open in Lexace · Ask the AI about this section
Sec. 15. If a tract was originally transferred to a political subdivision as a gift by a not-for-profit corporation or organization, the disposing agent may convey it back to the original grantor or the grantor's successors with their consent without consideration upon a determination by the disposing agent that: (1) the property is surplus; and (2) the original grantor or the grantor's successors are eligible to receive the tract under section 16 of this chapter.

‹ Prev All Indiana sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.