Sec. 4. If all persons in being are parties who would be entitled to the property sold or leased or the income of the personal property if the contingency had happened at the date of the commencement of the proceedings, a decree under section 2 of this chapter is binding on any person that claims an interest in the real estate or personal property:

(1) under any party to the decree;

Terms Used In Indiana Code 32-17-5-4

  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
  • Personal property: All property that is not real property.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
(2) under any person from whom a party to the decree claims; or

(3) from, under, or by the original:

(A) deed;

(B) will; or

(C) instrument;

by which the particular, limited, or conditional estate with remainders or executory devisees was created.

[Pre-2002 Recodification Citation: 32-4-8-1 part.]

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

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