Sale of building and real property owned by the school corporation before dissolution; procedures if sale does not occur
Ind. Code § 20-23-19-4
in effectSec. 4. (a) Notwithstanding IC 20-26-7.1, the governing body of the Union School Corporation, before its dissolution under this chapter, shall offer for sale and sell in the open market any building and real property owned by the Union School Corporation.
(b) If the governing body is unable to sell a building described in subsection (a), the governing body of the Union School Corporation shall make the building available for purchase as provided under IC 20-26-7.1.
(c) If the governing body of the Union School Corporation does not sell a building or any real property described in subsection (a), the governing body shall transfer ownership of the building and any real property to the governing body of the Monroe Central School Corporation.
(d) Notwithstanding IC 20-26-7.1, the governing body of the Monroe Central School Corporation may offer for sale and sell any building or real property transferred under subsection (c) in the open market.
As added by P.L.68-2025, SEC.200.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/20Fetched: 10/17/2026