Indiana Code 32-21-3-4. Letters of attorney; executory contracts and memoranda of contracts for sale, purchase, or lease of land; effect of recording
(1) Letters of attorney containing a power to a person to:
Terms Used In Indiana Code 32-21-3-4
- Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
- Contract: A legal written agreement that becomes binding when signed.
- conveyance: means :
Indiana Code 32-21-3-1
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- 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
- proof: has the meaning set forth in Indiana Code 32-21-3-2.5
- Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
(B) sell and convey land as the agent of the owner of the land.
(2) An executory contract for the sale, purchase, or lease of land, or a memorandum of an executory contract for the sale, purchase, or lease of land recorded under IC 36-2-11-20, when proved or acknowledged in the manner prescribed in this chapter for the proof or acknowledgment of conveyances.
(b) The record when recorded and the certified transcript of the record may be read in evidence in the same manner and with the same effect as a conveyance.
(c) A document recorded under this section gives notice to persons that are not parties to the letter or contract of:
(1) the existence of the letter or contract;
(2) the identities of the parties to the letter or contract; and
(3) the duty to inquire about the terms and conditions of the letter or contract if the recorded document does not disclose the terms and conditions.
[Pre-2002 Recodification Citation: 32-1-2-32.]
As added by P.L.2-2002, SEC.6. Amended by P.L.127-2017, SEC.9.