Section 8-23-20.5-4 - Outdoor advertising signs incapable of relocation; appraisal(a) If an outdoor advertising sign cannot be relocated within the market area, a court presiding over an action under IC 32-24 shall order, subject to IC 32-24-1-9: (1) if an appraisal has not already been submitted to the court, an appraisal; or(2) if an appraisal has already been submitted to the court, a new appraisal; with instructions to the appraisers that the outdoor advertising sign is not capable of relocation and must be appraised using the method described in IC 8-23-20-27.
(b) If a new appraisal is ordered under subsection (a), the new appraisal may not affect any possession rights obtained under IC 32-24-1-10.(c) If a new appraisal is ordered under subsection (a), any party to the action may file exceptions to the new appraisal with the court not later than forty-five (45) days after the appraisal report is mailed.Added by P.L. 97-2022,SEC. 4, eff. 7/1/2022.