Ind. Code § 32-30-3.1-6
Tenants in common; failure of plaintiff and defendant to make required payments
Indiana · Indiana Code Title 32 — Property · Status: effective
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- Citation
- Ind. Code § 32-30-3.1-6, Tenants in common; failure of plaintiff and defendant to make required payments, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1673013
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Full text
Sec. 6. If the plaintiff does not pay the defendant the appraised value of the improvements to the real property under section 4 of this chapter and the defendant does not pay the plaintiff the appraised value of the real property under section 5 of this chapter within the time fixed by the court, the parties will be held to be tenants in common of all the real property, including the improvements, each holding an interest proportionate to the value of the party's property as determined under section 5 of this chapter.