Indiana Code 32-23-8-2. Certification of invalidity of lease; recording
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Sec. 2. (a) The recorder of the county in which real estate described in section 1 of this chapter is situated shall certify upon the face of the record of the oil and gas lease that:
(2) the oil and gas lease is canceled of record.
(1) the leases and contracts are invalid and void by reason of nonpayment of rentals; and
Terms Used In Indiana Code 32-23-8-2
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- 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
(b) The request and affidavit shall be recorded in the miscellaneous records of the recorder’s office.
[Pre-2002 Recodification Citation: 32-5-8-1 part.]
As added by P.L.2-2002, SEC.8.