The following definitions apply throughout this chapter:

1. (1) "Distressed real property" includes real property in a neglected or unmarketable condition.

2. (2) "Eligible unit" means:

   1. (A) a county;
   2. (B) a consolidated city;
   3. (C) a second class city; or

   4. (D) a third class city;

      to which IC 36-7-9 applies.

3. (3) "Land bank" means an entity established under section 2 of this chapter.
4. (4) "Person" means an individual, a corporation, a limited liability company, a partnership, or other legal entity.

As added by P.L.211-2016, SEC.1. Amended by P.L.110-2017, SEC.4; P.L.26-2020, SEC.4.