Terms Used In Indiana Code 4-13-12.1-7

  • 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
  • society: refers to the Indiana historical society established under IC 23-6-3. See Indiana Code 4-13-12.1-4
   Sec. 7. After completion of construction and negotiation of a lease under section 8 of this chapter, the society shall convey title to the building to the state.

As added by P.L.22-1992, SEC.1.