Property acquired by default; disposition

Sec. 6. If the agency acquires title to property as the result of a failure to comply with the terms of a loan made under this chapter, the agency may make the same use or disposition of the property that it may make of any other property to which it acquires title. [Pre-Local Government Recodification Citation: 18-7-7.5-6.] As added by Acts 1981, P.L.309, SEC.35.