The legislative body of an eligible unit that has established a land bank under section 2 of this chapter may not rescind the ordinance that the legislative body adopted under IC 36-7-9-3, unless the land bank is first dissolved.(b) A land bank does not have authority to exercise the power of eminent domain.As added by P.L.211-2016, SEC.1. Amended by P.L.26-2020, SEC.7.
Indiana Legal Code