Property acquired by default; disposition

Ind. Code § 36-7-16-6
in effect
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Sec. 6. If the agency acquires title to property as the result of a failure to comply with the terms of a loan made under this chapter, the agency may make the same use or disposition of the property that it may make of any other property to which it acquires title. [Pre-Local Government Recodification Citation: 18-7-7.5-6.] As added by Acts 1981, P.L.309, SEC.35.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/36Fetched: 10/17/2026

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