Indiana Code 32-23-7-4. “Person in interest”
(1) if used in reference to an oil and gas estate in land, the owner of a beneficial interest in the oil and gas estate in land; or
Terms Used In Indiana Code 32-23-7-4
- coal bed methane: has the meaning set forth in 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
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- 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
whether the interest is held for life, for a term of years, or in fee.
(b) The term includes a lessee, licensee, or duly qualified agent of the owner.
(c) The term does not include a mortgagee or security assignee of the owner if the mortgagee or security assignee does not have a right to the control or operation of the premises for:
(1) if used in reference to an oil and gas estate in land, oil and gas; or
(2) if used in reference to a coal bed methane estate in land, coal bed methane.
[Pre-2002 Recodification Citation: 32-5-7-1(c).]
As added by P.L.2-2002, SEC.8. Amended by P.L.140-2011, SEC.24.