Terms Used In Indiana Code > Title 32 > Article 23 - Conveyance of Property Interests Less Than Fee Simple
- adjacent mineral producer: means a person that:
Indiana Code 32-23-13-1
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
- coal bed methane: has the meaning set forth in IC 14-8-2-42. See Indiana Code 32-23-7-0.3
- coal bed methane estate in land: means the aggregate of all rights in land that affect the coal bed methane:
Indiana Code 32-23-7-0.4
- coal bed methane production area: means the area of land determined by the operator in which multiple wells are drilled for a common production purpose. See Indiana Code 32-23-7-0.5
- coal land: means the coal estate in land that contains coal and is subject to a vested interest by a plaintiff, under this chapter, to the coal lying within the land. See Indiana Code 32-23-12-2
- coal owner: means a person vested with an undivided fractional fee simple interest or other freehold interest in coal contained within the coal land. See Indiana Code 32-23-12-3
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- 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.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- easement in gross of a commercial character: means an easement:
Indiana Code 32-23-2-1
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Grantor: The person who establishes a trust and places property into it.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Highway: includes county bridges and state and county roads, unless otherwise expressly provided. See Indiana Code 1-1-4-5
- holder: means any of the following:
Indiana Code 32-23-5-3
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- issuer: means any issuer of obligations that is referred to in IC 5-1-1-1(b). See Indiana Code 5-1-14-1.2
- joint owner: means a person who is a joint tenant, a tenant in common, a tenant by the entirety, or other person who is a coal owner of less than one hundred percent (100%) of an undivided interest in all the coal within the coal land that is sought to be developed. See Indiana Code 32-23-12-4
- Joint tenancy: A form of property ownership in which two or more parties hold an undivided interest in the same property that was conveyed under the same instrument at the same time. A joint tenant can sell his (her) interest but not dispose of it by will. Upon the death of a joint tenant, his (her) undivided interest is distributed among the surviving joint tenants.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
- mineral interest: means the interest that is created by an instrument that transfers, by:
Indiana Code 32-23-10-1
- mineral interest of an unknown or missing owner: means :
Indiana Code 32-23-13-2
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- obligations: has the meaning set forth in IC 5-1-3-1(b). See Indiana Code 5-1-14-1.5
- oil and gas: means petroleum and mineral oils and gaseous substances of whatever character naturally lying or found beneath the surface of land. See Indiana Code 32-23-7-1
- oil and gas estate in land: means the aggregate of all rights in land that affect the oil and gas in, on, under, or that may be taken from beneath the surface of the land. See Indiana Code 32-23-7-2
- passive solar energy system: means a structure specifically designed to retain heat that is derived from solar energy. See Indiana Code 32-23-4-1
- person in interest: means :
Indiana Code 32-23-7-4
- Plaintiff: The person who files the complaint in a civil lawsuit.
- Probate: Proving a will
- public utility: has the meaning set forth in IC 8-1-8. See Indiana Code 32-23-11-2
- railroad: refers to a railroad company. See Indiana Code 32-23-11-3
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
- right-of-way: means a strip or parcel of real property in which a railroad has acquired an interest for use as a part of the railroad's transportation corridor. See Indiana Code 32-23-11-4
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- solar easement: means an easement obtained for the purpose of exposure of a solar energy device or a passive solar energy system to the direct rays of the sun. See Indiana Code 32-23-4-2
- solar energy device: means an artifice, an instrument, or the equipment designed to receive the direct rays of the sun and convert the rays into heat, electricity, or another form of energy to provide heating, cooling, or electrical power. See Indiana Code 32-23-4-3
- Sole ownership: The type of property ownership in which one individual holds legal title to the property and has full control of it.
- surface rights: means all rights relating to the occupancy, user, or ownership of the surface of land affected by this chapter. See Indiana Code 32-23-7-5
- Tenancy in common: A type of property ownership in which two or more individuals have an undivided interest in property. At the death of one tenant in common, his (her) fractional percentage of ownership in the property passes to the decedent
- third party right of enforcement: means a right that is:
Indiana Code 32-23-5-4
- Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
- Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
- Trustee: A person or institution holding and administering property in trust.
- unknown or missing owner: means a person:
Indiana Code 32-23-13-3