Indiana Code 32-21-1-8. Revocation and reconveyance power; person other than grantor
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Terms Used In Indiana Code 32-21-1-8
- Grantor: The person who establishes a trust and places property into it.
Sec. 8. If the power to revoke a conveyance of any interest in land, and to reconvey the interest, is given to any person other than the grantor in the conveyance, and the person given the power conveys the interest to a purchaser for a valuable consideration, the subsequent conveyance is valid.
[Pre-2002 Recodification Citation: 32-2-1-12.]
As added by P.L.2-2002, SEC.6.