Indiana Administrative Code (Last Updated: December 20, 2016) |
Title 80. STATE FAIR COMMISSION |
Article 80IAC7. DEFINITIONS |
Rule 80IAC7-1. Definitions |
Section 80IAC7-1-28. "Property" and "worthless property" defined
Latest version.
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(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. (State Fair Commission; 80 IAC 7-1-28; filed Nov 7, 2016, 3:46 p.m.: 20161207-IR-080160210FRA)