Indiana Code 29-1-15-10. Unit sales, mortgages, or leases
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Terms Used In Indiana Code 29-1-15-10
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Sec. 10. Whenever it is for the best interests of the estate, real and personal property of the estate may be sold, mortgaged or leased as a unit, but the provisions of this article with respect to the sale, mortgage or lease of real property shall apply so far as may be.
Formerly: Acts 1953, c.112, s.1510. As amended by Acts 1982, P.L.171, SEC.43.