Indiana Code 32-34-9-11. Branded timber; title
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Sec. 11. (a) If timber is branded by the seller or by another person with the seller’s consent with the brand of the purchaser or another person or corporation, the title to the timber passes at once to the person or corporation whose brand is placed on the timber.
(b) Placement of a brand on timber as described in subsection (a) does not affect the rights of the contracting parties regarding the payment of the purchase money for the timber.
[Pre-2002 Recodification Citation: 32-9-5-14.]
As added by P.L.2-2002, SEC.19.
Terms Used In Indiana Code 32-34-9-11
- 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.
- timber: means trees, whether standing, down, or prepared for sale, sawlogs and all other logs, cross and railroad ties, boards, planks, staves and heading, and other trees cut or prepared for market. See Indiana Code 32-34-9-1