Sec. 1. The following definitions apply throughout this chapter:
(1) "Distressed real property" includes real property in a neglected or unmarketable condition.
(2) "Eligible unit" means:
(A) a county;
(B) a consolidated city;
(C) a second class city; or
(D) a third class city;
to which IC 36-7-9 applies.
(3) "Land bank" means an entity established under section 2 of this chapter.
(4) "Person" means an individual, a corporation, a limited liability company, a partnership, or other legal entity.
As added by P.L.211-2016, SEC.1. Amended by P.L.110-2017, SEC.4; P.L.26-2020, SEC.4.
Structure Indiana Code
Article 7. Planning and Development
36-7-38-2. Establishment of a Land Bank
36-7-38-4.5. Boards of Land Banks Made Up of Two or More Eligible Units
36-7-38-5. Boards of County Land Banks; Counties Not Having a Consolidated City
36-7-38-6. Boards of County Land Banks; a County Having a Consolidated City
36-7-38-7. Boards of Land Banks of Second Class Cities
36-7-38-7.5. Boards of Land Banks of Third Class Cities
36-7-38-11. Interlocal Agreements
36-7-38-12. Relation to the Unsafe Building Law
36-7-38-13. Startup Inventory of Properties
36-7-38-14. Agreements With Purchasers, Lessees, and Other Transferees
36-7-38-15. Usual Procedures for Disposition of Property Not Applicable
36-7-38-16. Prohibited Buyers; Delinquent Taxpayers
36-7-38-17. Prohibited Buyers; Unauthorized Foreign Business Associations
36-7-38-19. Exemption From Income Taxation
36-7-38-20. Limitation on Property Tax Exemption for Leased Property
36-7-38-23. Immunity From Civil Liability; Certain Environmental Damage