Indiana Code 32-23-5-3. “Holder”
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Sec. 3. As used in this chapter, “holder” means any of the following:
(2) A charitable corporation, charitable association, nonprofit corporation, or charitable trust, the purposes or powers of which include:
(1) A governmental body that is empowered to hold an interest in real property under the laws of Indiana or the United States.
Terms Used In Indiana Code 32-23-5-3
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
(A) retaining or protecting the natural, scenic, or open space values of real property;
(B) assuring the availability of real property for agricultural, forest, recreational, or open space use;
(C) protecting natural resources;
(D) protecting property bordering lakes;
(E) maintaining or enhancing air or water quality; or
(F) preserving the historical, architectural, archeological, or cultural aspects of real property.
[Pre-2002 Recodification Citation: 32-5-2.6-1 part.]
As added by P.L.2-2002, SEC.8. Amended by P.L.49-2013, SEC.1.