Terms Used In Indiana Code 25-42-11-1

  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • 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
   Sec. 1. This compact must be liberally construed so as to effectuate the purposes of the compact. The provisions of this compact are severable, and if any phrase, clause, sentence, or provision of the compact is declared to be contrary to the constitution of any party state or of the United States, or if the applicability of the compact to any government, agency, person, or circumstance is held invalid, the validity of the remainder of the compact and the applicability of the compact to any government, agency, person, or circumstance is not affected.

As added by P.L.135-2019, SEC.5.