Indiana Code 14-18-1.5-3. State repository
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Sec. 3. (a) This section does not apply to the following:
(A) The Indiana department of transportation.
(1) An instrument or a document of either of the following:
Terms Used In Indiana Code 14-18-1.5-3
- 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
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(B) A state educational institution.
(2) A lease of property for a term of four (4) years or less.
(b) The state land office shall serve as the repository for any instrument relating to past or current ownership or possession of property by the state.
As added by P.L.151-2012, SEC.9.