Indiana Code 14-39-1-16. Title to the pore space; exception
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Terms Used In Indiana Code 14-39-1-16
- carbon sequestration pilot project: refers to the pilot project described in section 3. See Indiana Code 14-39-1-2.4
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- person: includes a political body, a corporate body, and the state of Indiana. See Indiana Code 14-39-1-2.6
- pore space: means subsurface cavities or voids that can be used as a storage space for carbon dioxide. See Indiana Code 14-39-1-2.7
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 16. For purposes of the operation of the carbon sequestration pilot project under this chapter, the title to the pore space is vested in the person who holds in fee simple the surface interest in the land or water as identified by the property records of the county, unless another person has been explicitly conveyed, excepted, or reserved through a recorded conveyance document a right to use the pore space in a manner inconsistent with the carbon sequestration pilot project.
As added by P.L.53-2023, SEC.4.