Indiana Code 32-25-2-11. “Co-owner”
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Sec. 11. “Co-owner” means a person who owns:
(2) an undivided interest in the common areas and facilities;
(1) a condominium unit in fee simple; and
Terms Used In Indiana Code 32-25-2-11
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
in the percentage established in the declaration.
[Pre-2002 Recodification Citation: 32-1-6-2(e).]
As added by P.L.2-2002, SEC.10.