Sec. 6. As used in this chapter, “property” means an interest in real property. The term includes the following:

(1) Ownership in fee simple.

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Terms Used In Indiana Code 14-12-2-6

  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
(2) Conservation easements.

(3) Leaseholds.

(4) Management rights.

[Pre-1995 Recodification Citation: 14-3-20-10.]

As added by P.L.1-1995, SEC.5.