{"data":{"id":"us-in/ic-20-26-7-45","jurisdiction":"us-in","citation":"IC 20-26-7-45","heading":"Legalization of certain school corporation actions in acquiring property under deed with reverter clause; school corporation rights in case of reversion","body":"Sec. 45. (a) The actions of a school corporation taken before January 1, 1993, in acquiring any interest in real estate or a real estate improvement under a deed that contains a reverter clause that limits the use of the property by the school corporation are legalized.\n(b) If a reversion occurs under a deed described in subsection (a), the school corporation is entitled to the improvements or the fair market value of the improvements made to the property by the school corporation.","path":["TITLE 20. EDUCATION","ARTICLE 26. SCHOOL CORPORATIONS: GENERAL ADMINISTRATIVE PROVISIONS","Chapter 7. Property and Eminent Domain"],"source_url":"https://iga.in.gov/ic/2026/Title_20.html#20-26-7-45","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-01T01:34:30Z","sha256":"4722cb203644b6fd957f62413b025b585f3bf1190f7041b10ee46ca4783faec5","source_id":"us-in","stale":false,"prev":"us-in/ic-20-26-7-44","next":"us-in/ic-20-26-7-46"},"notice":"GroundRules: Original legal text. Not legal advice."}