Indiana § 4-11-2-3 - School fund mortgages; counties; settlement of claim
Full text of Indiana Indiana Code § 4-11-2-3 — School fund mortgages; counties; settlement of claim, with citation guidance and answers to common questions.
§ 4-11-2-3. School fund mortgages; counties; settlement of claim
Sec. 3. If:
(1) a person has purchased and been granted a deed of conveyance to any lands sold for delinquent taxes by the county treasurer of any county;
(2) at the time when the lands were sold, there was an unpaid school loan, secured by mortgage, on the lands, and the mortgage was foreclosed by the county after the sale; and
(3) through the foreclosure proceedings, the county acquired title to the lands;
the board of commissioners of the county in which the lands are situated may pay to the person who holds the tax deed to the lands any sum that may be agreed upon, not exceeding the amount that the purchaser paid for the lands at the tax sale, together with an amount equal to any taxes that the purchaser of the lands paid, not including any interest, on the condition that the holder of the tax deed to the lands execute to the board of commissioners of the county a quitclaim deed to the lands. All expenditures authorized under this section shall be paid out of the county general fund without any appropriation being made for the expenditure.
[Pre-2006 Education Finance Recodification Citation: 21-1-27-1.]
As added by P.L.2-2006, SEC.5. Amended by P.L.238-2019, SEC.1.
IC 4-11-3Chapter 3. Release of Mortgages to Secure Loans of United States Government Surplus Revenue Funds
4-11-3-1State comptroller; satisfaction of mortgages; security for loans of United States government surplus revenue funds
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 4-11-2-3
What does Indiana Code § 4-11-2-3 cover?
Section 4-11-2-3 ("School fund mortgages; counties; settlement of claim") 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 § 4-11-2-3?
A common citation format is "Indiana Code § 4-11-2-3" (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 § 4-11-2-3 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.