Indiana Code 28-10-2-6. “Contract, security, or instrument”
Current as of: 2023 | Check for updates
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Sec. 6. As used in this chapter, “contract, security, or instrument” includes any:
(2) agreement;
(1) contract;
Terms Used In Indiana Code 28-10-2-6
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- 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.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(3) mortgage;
(4) deed of trust;
(5) lease;
(6) instrument; or
(7) other obligation or security, whether representing debt or equity, and including any interest in a corporation, partnership, or limited liability company.
As added by P.L.67-2022, SEC.1.