Section 36-1-11-7 - Exchange of property with persons other than governmental entity; procedure(a) A disposing agent who exchanges property must proceed under this section, except as permitted by section 8 or 18 of this chapter.(b) An exchange may be made with a person who is:(1) not a governmental entity; and(2) eligible under section 16 of this chapter; only after advertisement following as nearly as practical the procedure prescribed by section 4 of this chapter, with the property the disposing agent conveys to be partial or full payment for the property the disposing agent receives.
Pre-Local Government Recodification Citations: 18-4-5-6 part; 19-6-2-38 part.
Amended by P.L. 257-2013, SEC. 42, eff. 7/1/2013.As added by Acts1981 , P.L. 57, SEC.37. Amended by P.L. 60-1988, SEC.29.