Indiana Code 32-21-1-7. Conveyance revocable at will of grantor; provision void as to subsequent purchaser
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Terms Used In Indiana Code 32-21-1-7
- Grantor: The person who establishes a trust and places property into it.
Sec. 7. If a conveyance of or charge upon an estate contains a provision for revocation at the will of the grantor, the provision is void as to subsequent purchasers from the grantor, for a valuable consideration, of the estate or interest subject to the provision, even though the provision is not expressly revoked.
[Pre-2002 Recodification Citation: 32-2-1-11.]
As added by P.L.2-2002, SEC.6.