Indiana Administrative Code
Title 80 - STATE FAIR COMMISSION
Article 7 - DEFINITIONS
Rule 1 - Definitions
Section 1-28 - "Property" and "worthless property" defined
Universal Citation: 80 IN Admin Code 1-28
Current through March 20, 2024
Authority: IC 15-13-2-9
Affected: IC 15-13-1-16; IC 35-31.5-2-253
Sec. 28.
(a) "Property" includes both real and personal property and has the meaning set forth in IC 35-31.5-2-253.
(b) "Worthless property" means property with no market value if the value of the property is less than the estimated cost of the sale and transportation of the property.
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