Indiana § 20-26-7-1 - Sale or exchange of unneeded property
Full text of Indiana Indiana Code § 20-26-7-1 — Sale or exchange of unneeded property, with citation guidance and answers to common questions.
§ 20-26-7-1. Sale or exchange of unneeded property
Sec. 1. (a) Except as otherwise provided in IC 20-26-7.1, if a governing body of a school corporation determines that any real or personal property:
(1) is no longer needed for school purposes; or
(2) should, in the interests of the school corporation, be exchanged for other property;
the governing body may sell or exchange the property in accordance with IC 36-1-11.
(b) Money derived from the sale or exchange of property under this section shall be placed in the school corporation's operations fund.
(c) A governing body may not enter into a lease agreement or make a covenant that prohibits the sale of real property to another educational institution.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-5-1.]
As added by P.L.1-2005, SEC.10. Amended by P.L.234-2007, SEC.227; P.L.91-2011, SEC.27; P.L.17-2013, SEC.1; P.L.33-2014, SEC.4; P.L.5-2015, SEC.47; P.L.217-2017, SEC.100; P.L.241-2017, SEC.17; P.L.244-2017, SEC.46; P.L.140-2018, SEC.5; P.L.140-2018, SEC.6; P.L.270-2019, SEC.12.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 20-26-7-1
What does Indiana Code § 20-26-7-1 cover?
Section 20-26-7-1 ("Sale or exchange of unneeded property") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 20-26-7-1?
A common citation format is "Indiana Code § 20-26-7-1" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 20-26-7-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.