Sec. 5. If a plaintiff fails to pay the defendant the value of the improvements to the real property established under section 4 of this chapter after a reasonable time fixed by the court, the defendant may take the property after paying the plaintiff the appraised value of the property, minus the value of the improvements.
[Pre-2002 Recodification Citation: 32-15-3-5.]
As added by P.L.2-2002, SEC.15.
Structure Indiana Code
Article 30. Causes of Action Concerning Real Property
Chapter 3.1. Occupying Claimant
32-30-3.1-1. Finding That Occupant Not Rightful Owner; Order to Give Possession to Plaintiff
32-30-3.1-2. Complaint; Requirements
32-30-3.1-3. Trial; Required Assessments
32-30-3.1-4. Payment for Improvements; Possession
32-30-3.1-5. Failure to Pay Value of Improvements; Possession by Defendant; Payments to Plaintiff
32-30-3.1-6. Tenants in Common; Failure of Plaintiff and Defendant to Make Required Payments
32-30-3.1-7. Good Faith Purchaser
32-30-3.1-8. Occupant's Color of Title; Requirements
32-30-3.1-9. Recovery for Lasting Improvements
32-30-3.1-10. Execution for Possession
32-30-3.1-11. Writ for Possession of Land; Required Payments