Indiana Code 32-30-1-4. “Date of substantial completion” defined
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Sec. 4. As used in this chapter, “date of substantial completion” means the earlier of:
(2) the date of the first beneficial use of the improvement to real property or of any portion of the improvement.
(1) the date upon which construction of an improvement to real property is sufficiently completed under a contract of construction, as modified by any additions, deletions, or other amendments, so that the owner of the real property upon which the improvement is constructed can occupy and use the premises in the manner contemplated by the terms of the contract; or
Terms Used In Indiana Code 32-30-1-4
- contract: means an oral or a written contract. See Indiana Code 32-30-1-2
- Contract: A legal written agreement that becomes binding when signed.
- 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.
[Pre-2002 Recodification Citation: 32-15-1-1 part.]
As added by P.L.2-2002, SEC.15.