Bylaws
Ind. Code § 36-7-38-3
in effectSec. 3. The bylaws of the land bank must require the board of the land bank to:
(1) approve any purchase, transfer, or lease of real property held by the land bank in an open meeting of the board; and
(2) consider any pertinent information before approving the purchase, transfer, or lease including:
(A) the assessed value of the real property;
(B) any factors that may affect the current value of the real property; and
(C) the financial ability of the person to fulfill the conditions of the purchase, transfer, or lease.
As added by P.L.211-2016, SEC.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/36Fetched: 10/17/2026