Terms Used In Indiana Code > Title 32 > Article 25 - Condominiums

• admissions fees: means the admissions fees under IC 6-8-14. See Indiana Code 5-1-17.5-2
• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• authority: refers to the Indiana stadium and convention building authority created by this chapter. See Indiana Code 5-1-17-1
• authority: refers to the Indiana finance authority. See Indiana Code 5-1-17.5-4
• board: refers to the board of directors of an association of co-owners of a condominium. See Indiana Code 32-25-8.5-2
• board: refers to the board of directors of the authority. See Indiana Code 5-1-17-2
• bonds: means bonds, notes, commercial paper, or other evidences of indebtedness. See Indiana Code 5-1-17-3
• capital improvement board: refers to a capital improvement board of managers created by IC 36-10-8 or IC 36-10-9. See Indiana Code 5-1-17-4
• claim: refers to any of the following:

  Indiana Code 32-25-8.5-3

• claimant: refers to a party who has a claim against another party. See Indiana Code 32-25-8.5-4
• commission: refers to the Indiana motorsports commission created by this chapter. See Indiana Code 5-1-17.5-9
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Deed: The legal instrument used to transfer title in real property from one person to another.
• Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
• exempt claim: refers to any of the following claims or actions:

  Indiana Code 32-25-8.5-5

• Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
• Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
• Grantor: The person who establishes a trust and places property into it.
• Highway: includes county bridges and state and county roads, unless otherwise expressly provided. See Indiana Code 1-1-4-5
• Inter vivos: Transfer of property from one living person to another living person.
• legal proceedings: refers to either of the following:

  Indiana Code 32-25-8.5-6

• Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Mortgagee: The person to whom property is mortgaged and who has loaned the money.
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• party: refers to any of the following:

  Indiana Code 32-25-8.5-7

• Plaintiff: The person who files the complaint in a civil lawsuit.
• Quorum: The number of legislators that must be present to do business.
• respondent: refers to the party against whom a claimant has a claim. See Indiana Code 32-25-8.5-8
• Service of process: The service of writs or summonses to the appropriate party.
• state agency: has the meaning set forth in Indiana Code 5-1-17-5
• Statute: A law passed by a legislature.
• Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
• Temporary restraining order: Prohibits a person from an action that is likely to cause irreparable harm. This differs from an injunction in that it may be granted immediately, without notice to the opposing party, and without a hearing. It is intended to last only until a hearing can be held.
• Verified: when applied to pleadings, means supported by oath or affirmation in writing. See Indiana Code 1-1-4-5