Sec. 5. If real property designated as conservation land has not been redeemed at the end of the two (2) year period, a fee simple title to the real property, unencumbered in any way except by the liens for school fund mortgages that are prior to the lien of the state for taxes, is created ipso facto in the state. All existing tax liens of the state upon the real property are considered terminated, and the county auditor shall so certify to the Indiana department of administration.
[Pre-1995 Recodification Citation: 4-17-11-2 part.]
As added by P.L.1-1995, SEC.10.
Structure Indiana Code
Title 14. Natural and Cultural Resources
Article 17. Property Acquisition
Chapter 2. Acquisition of Tax Delinquent Land for Conservation Purposes
14-17-2-1. Designation of Conservation Land
14-17-2-2. List of Conservation Land
14-17-2-3. Duties of County Auditors
14-17-2-4. Redemption of Property
14-17-2-5. Fee Simple Title Created in the State
14-17-2-6. Certificate of Title
14-17-2-7. Title in the State Not Invalidated by Certain Irregularities
14-17-2-8. Action to Invalidate Title in the State
14-17-2-9. State Considered in Possession of Unoccupied Conservation Land
14-17-2-10. Payment in Lieu of Redemption Required Upon Judgment Invalidating Title in the State
14-17-2-11. Use of Conservation Land