(b) After creation of a township or alteration of a township's boundaries, the township must have:

1. (1) a surface area of at least twelve (12) square miles and an assessed valuation of at least two million dollars ($2,000,000); or

2. (2) a surface area of at least twenty-four (24) square miles;

   unless it was created or altered under section 3 of this chapter.

   [Pre-Local Government Recodification Citation: 17-4-4-1 part.]

   As added by Acts 1980, P.L.212, SEC.5. Amended by P.L.234-2013, SEC.11.