Real property held without use for one year

Ind. Code § 28-14-4-2
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 2. (a) If real property referred to in section 1(b)(3) of this chapter is held for one (1) year without being used by the corporate fiduciary as an office or a facility, the board of directors of the corporate fiduciary shall state by resolution definite plans for the use of the real property. (b) A resolution adopted under this section shall be made available for inspection by the department. As added by P.L.262-1995, SEC.90.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/28Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements