Terms Used In Indiana Code > Title 32 > Article 25.5 - Homeowners Associations

• Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
• authority: refers to the Indiana finance authority. See Indiana Code 5-1-17.5-4
• board: refers to the board of directors of the commission. See Indiana Code 5-1-17.5-5
• budget agency: means the budget agency established by IC 4-12-1-3. See Indiana Code 5-1-17.5-7
• budget committee: means the budget committee established by IC 4-12-1-3. See Indiana Code 5-1-17.5-8
• claim: refers to any of the following:

  Indiana Code 32-25.5-5-2

• claimant: refers to a party who has a claim against another party. See Indiana Code 32-25.5-5-3
• commission: refers to the Indiana motorsports commission created by this chapter. See Indiana Code 5-1-17.5-9
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• dwelling unit: has the meaning set forth in IC 32-31-5-3. See Indiana Code 32-25.5-3.5-2
• 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 32-25.5-5-4

• Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
• Fraud: Intentional deception resulting in injury to another.
• in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
• Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
• legal proceedings: refers to either of the following:

  Indiana Code 32-25.5-5-5

• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• party: refers to any of the following:

  Indiana Code 32-25.5-5-6

• Property: includes personal and real property. See Indiana Code 1-1-4-5
• 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 32-25.5-5-7
• Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
• solar energy system: means a solar photovoltaic device whose primary purpose is to use solar energy to produce electricity. See Indiana Code 32-25.5-3.5-3
• 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.
• United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5