Persons barred from purchasing tracts offered for sale
Sec. 5.3. (a) This section applies to the following:
(1) A person who owes delinquent taxes, special assessments,
penalties, interest, or costs directly attributable to a prior tax sale
on a tract of real property listed under section 1 of this chapter.
(2) A person who is an agent of the person described in
subdivision (1).
(b) A person subject to this section may not purchase a tract
offered for sale under section 5 or 5.5 of this chapter.
(c) If a person purchases a tract that the person was not eligible to
purchase under this section, the sale of the property is void. The
county treasurer shall apply the amount of the person's bid to the
person's delinquent taxes and offer the real property for sale again
under this chapter.
As added by P.L.98-2000, SEC.4. Amended by P.L.1-2002, SEC.24.
Last modified: May 28, 2006