Indiana Code 32-23-11-13. Determination of ownership
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Terms Used In Indiana Code 32-23-11-13
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- right-of-way: means a strip or parcel of real property in which a railroad has acquired an interest for use as a part of the railroad's transportation corridor. See Indiana Code 32-23-11-4
Sec. 13. Except as provided in section 14 of this chapter, the ownership of a right-of-way fee is determined under the same principles that fee simple ownership in property is otherwise determined under Indiana law.
[Pre-2002 Recodification Citation: 32-5-12-13.]
As added by P.L.2-2002, SEC.8.