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2021 Indiana Code
Title 32. Property
Article 17. Interests in Property
Chapter 5. Partition Investment Limitations
32-17-5-3. Investment of Proceeds
Universal Citation:
IN Code § 32-17-5-3 (2021)
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Sec. 3. If the court decrees a sale, exchange, or lease under section 2 of this chapter, the court shall direct the investment of the proceeds of the:
(1) sale;
(2) terms of the instrument of exchange or lease; or
(3) limitations of the reversion and rents and income;
so as to inure as by the original grant, devise, or condition to the use of the same parties who would be entitled to the property sold or leased or the income of the personal property.
[Pre-2002 Recodification Citation: 32-4-8-1 part.]
As added by P.L.2-2002, SEC.2.
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