Indiana Code 32-23-5-4. “Third party right of enforcement”
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Sec. 4. As used in this chapter, “third party right of enforcement” means a right that is:
(2) granted to a governmental body, charitable corporation, charitable association, or charitable trust that is eligible to be a holder but is not a holder.
(1) provided in a conservation easement to enforce any of the conservation easement’s terms; and
Terms Used In Indiana Code 32-23-5-4
- conservation easement: means a nonpossessory interest of a holder in real property that imposes limitations or affirmative obligations with the purpose of:
Indiana Code 32-23-5-2
- 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.
- holder: means any of the following:
Indiana Code 32-23-5-3
[Pre-2002 Recodification Citation: 32-5-2.6-1 part.]
As added by P.L.2-2002, SEC.8.