Indiana Code 32-17-10-1. Application of chapter

Sec. 1. This chapter does not apply to the following:

(1) A conveyance made for the purpose of extinguishing a possibility of reverter or a right of entry.

Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
Deed: The legal instrument used to transfer title in real property from one person to another.
Grantor: The person who establishes a trust and places property into it.
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}
Lien: A claim against real or personal property in satisfaction of a debt.
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Mortgagee: The person to whom property is mortgaged and who has loaned the money.
Property: includes personal and real property. See Indiana Code 1-1-4-5
Trustee: A person or institution holding and administering property in trust.

(2) The rights of:

(A) a mortgagee based on the terms of the mortgage;

(B) a trustee or beneficiary under a trust deed in the nature of a mortgage based on the terms of the trust deed;

(D) a lessor under a lease for a term of years; or

(E) a person with a separate property interest in coal, oil, gas, or other minerals.

[Pre-2002 Recodification Citation: 32-1-21-1.]

As added by P.L.2-2002, SEC.2.