Indiana Code 32-17-4-23. Partition of fee and life estates
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Sec. 23. A:
(A) an undivided interest in fee simple in any lands; and
(1) person that owns:
Terms Used In Indiana Code 32-17-4-23
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
(B) a life estate in:
(i) the remaining part of the land; or
(ii) any part of the remaining portion of the land; or
(2) person that owns a fee in the land described in subdivision (1) that is subject to the undivided interest in fee and the life estate in the land;
may compel partition of the land and have the fee simple interest in the land set off and determined in the same manner as land is partitioned under Indiana law.
[Pre-2002 Recodification Citation: 32-4-6-1.]
As added by P.L.2-2002, SEC.2.