Indiana Code 14-31-1-10. Property rights
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Sec. 10. (a) The department may, on behalf of the state, acquire nature preserves by gift, devise, purchase, exchange, condemnation, or any other method of acquiring real property or an estate, an interest, or a right in real property. However, an interest owned by the state or by a subdivision of the state may be dedicated only by voluntary act of the agency having jurisdiction. The department may acquire the fee simple interest in an area or a lesser estate, interest, or right in an area, including any of the following:
(2) An easement:
(1) A leasehold estate.
Terms Used In Indiana Code 14-31-1-10
- area: means an area of land, water, or both land and water, whether in public or private ownership, that meets one (1) or both of the following conditions:
Indiana Code 14-31-1-2
- Devise: To gift property by will.
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Grantor: The person who establishes a trust and places property into it.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- nature preserve: means an area in which an estate, an interest, or a right has been formally dedicated under this chapter. See Indiana Code 14-31-1-5
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(A) either:
(i) appurtenant; or
(ii) in gross; and
(B) either:
(i) granting the state specified rights of use;
(ii) denying to the grantor specified rights of use; or
(iii) both.
(3) A license.
(4) A covenant.
(5) Other contractual rights.
(b) A nature preserve may be acquired voluntarily for the consideration that the department considers advisable or without consideration.
[Pre-1995 Recodification Citation: 14-4-5-6(a).]
As added by P.L.1-1995, SEC.24.