Sec. 11. “Co-owner” means a person who owns:

(1) a condominium unit in fee simple; and

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Terms Used In Indiana Code 32-25-2-11

  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
(2) an undivided interest in the common areas and facilities;

in the percentage established in the declaration.

[Pre-2002 Recodification Citation: 32-1-6-2(e).]

As added by P.L.2-2002, SEC.10.