Indiana Code 6-1.1-27-4. Liability of treasurer for failure to settle
Current as of: 2024 | Check for updates
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Terms Used In Indiana Code 6-1.1-27-4
- Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
Sec. 4. If a county treasurer fails to make a semi-annual settlement with the auditor of the county or to pay over the money due the county, the county auditor shall notify the prosecuting attorney of the appropriate judicial circuit who shall bring a suit upon the bond of the county treasurer. The county treasurer and the county treasurer’s sureties are liable in an amount equal to one hundred ten percent (110%) of the taxes and other charges for which the county treasurer fails to make a settlement or pay over.
[Pre-1975 Property Tax Recodification Citation: 6-1-59-2.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.148-2024, SEC.3.