Indiana § 36-9-37-40 - Money collected as special assessments; disposition after five years
Full text of Indiana Indiana Code § 36-9-37-40 — Money collected as special assessments; disposition after five years, with citation guidance and answers to common questions.
§ 36-9-37-40. Money collected as special assessments; disposition after five years
Sec. 40. (a) If:
(1) all or part of any money collected as nonwaivered special assessments for public improvements has been in the possession of the municipal fiscal officer for at least five (5) years; and
(2) a demand for the money has not been made by a party entitled to the money within one (1) year preceding the end of the five (5) year period;
the municipal fiscal officer shall prepare a detailed list of the unclaimed money.
(b) The fiscal officer shall then give notice of the list by publication in the manner prescribed by section 39 of this chapter.
(c) At the expiration of the thirty (30) day redemption period provided by section 39 of this chapter, the municipal fiscal officer shall transfer and pay all of the unclaimed money into the general fund of the municipality. Money transferred under this subsection may be used and expended in the same manner as other money in the general fund is used and expended.
As added by P.L.98-1993, SEC.8.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 36-9-37-40
What does Indiana Code § 36-9-37-40 cover?
Section 36-9-37-40 ("Money collected as special assessments; disposition after five years") 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 § 36-9-37-40?
A common citation format is "Indiana Code § 36-9-37-40" (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 § 36-9-37-40 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.