Sec. 15. Construction and Severability.

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Terms Used In Indiana Code 10-14-5-15

  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
     It is intended that the provisions of this compact shall be reasonably and liberally construed to effectuate the purposes thereof. If any part or application of this compact, or legislation enabling the compact, is held invalid, the remainder of the compact or its application to other situations or persons shall not be affected.

[Pre-2003 Recodification Citation: 10-4-2.5-15.]

As added by P.L.2-2003, SEC.5.

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