Indiana Code 8-5-15-21. Agreements between district and system; property interests; operation
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Terms Used In Indiana Code 8-5-15-21
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- District: means a commuter transportation district established under this chapter. See Indiana Code 8-5-15-1
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 21. Any agreement between the district and the system may include a provision that, with respect to assets owned by either party, property interests may be conveyed and responsibilities for operation and maintenance may be assigned to either party, or jointly held and exercised by either party.
As added by P.L.385-1987(ss), SEC.13.