Sec. 4. (a) A land bank is governed by a board of at least seven (7) and at most nine (9) directors.
(b) A director of a land bank appointed under this section must have demonstrated competency in an occupation or discipline that is relevant to the primary purpose of a land bank.
(c) Except as provided in this chapter, the term of a director of a land bank is for three (3) consecutive calendar years.
(d) If a director of a land bank is unable to complete the director's term, the authority that appointed the director shall appoint a successor to serve for the remainder of the incomplete term.
As added by P.L.211-2016, SEC.1.
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