Ind. Code § 20-25-4-14
School cities; power to sell real estate and transfer personal property
Redline — January 1, 2018 → current.View current text →
Current — January 1, 2023
As of January 1, 2018
Sec. 14. (a) A school city may:
Sec. 14. (a) Except as provided in IC 20-26-7.1, a school city may:
(1) sell real estate;
(1) sell real estate;
(2) transfer personal property; and
(2) transfer personal property; and
(3) execute deeds of conveyance and instruments of transfer with or without covenants of warranty;
(3) execute deeds of conveyance and instruments of transfer with or without covenants of warranty;
if, in the opinion of the board, the real estate or personal property cannot be advantageously used for school or library purposes and can be sold for its fair cash value.
if, in the opinion of the board, the real estate or personal property cannot be advantageously used for school or library purposes and can be sold for its fair cash value.
(b) A determination by the board that real estate or personal property cannot be advantageously used under subsection (a) must be entered into the record of the minutes of the school city's board.
(b) A determination by the board that real estate or personal property cannot be advantageously used under subsection (a) must be entered into the record of the minutes of the school city's board.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.