CHAPTER 3. ACQUISITION OF PROPERTY BY THE STATE

IC 4-20.5-3
    Chapter 3. Acquisition of Property by the State

IC 4-20.5-3-1
Application of chapter
    Sec. 1. This chapter does not apply to either of the following:
        (1) Acquisition of property under IC 32-24.
        (2) Acquisition of property by the Indiana department oftransportation. However, this chapter applies to propertyacquired under IC 8-4.5-5.
As added by P.L.7-1993, SEC.7. Amended by P.L.40-1995, SEC.1;P.L.2-2002, SEC.27.

IC 4-20.5-3-2
Contractual acquisition
    Sec. 2. An agency may acquire property from the owner of theproperty under a contract between the agency and the owner of theproperty.
As added by P.L.7-1993, SEC.7.

IC 4-20.5-3-3
Repealed
    (Repealed by P.L.262-2001, SEC.2.)

IC 4-20.5-3-4
Conveyance; procedure
    Sec. 4. (a) The instrument conveying the property must show thestate of Indiana as the grantee of the property for the use of theacquiring agency.
    (b) Before the instrument is accepted the following must occur:
        (1) The land office must approve the legal description containedin the instrument.
        (2) The attorney general must approve the transaction and theinstrument for form and legality.
    (c) The agency shall record the instrument in each county inwhich the property is located.
    (d) After the instrument is recorded, the instrument shall be filedin the land office.
As added by P.L.7-1993, SEC.7.

IC 4-20.5-3-5
Repealed
    (Repealed by P.L.1-1995, SEC.91.)

IC 4-20.5-3-6
Auctions
    Sec. 6. (a) The commissioner may authorize an agency underIC 5-22-10-6 to acquire property at an auction.
    (b) The commissioner shall provide the agency with the maximumamounts that the agency may:        (1) bid; and
        (2) provide as down payment;
in the purchase of property under this section.
As added by P.L.33-1995, SEC.9. Amended by P.L.49-1997, SEC.21.