Indiana Code 32-36-1-16. Property rights
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Sec. 16. The rights recognized under this chapter are property rights, freely transferable and descendible, in whole or in part, by the following:
(2) License.
(1) Contract.
Terms Used In Indiana Code 32-36-1-16
- Contract: A legal written agreement that becomes binding when signed.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Intestate: Dying without leaving a will.
- personality: means a living or deceased natural person whose:
Indiana Code 32-36-1-6
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(3) Gift.
(4) Trust.
(5) Testamentary document.
(6) Operation of the laws of intestate succession applicable to the state administering the estate and property of an intestate deceased personality, regardless of whether the state recognizes the property rights set forth under this chapter.
[Pre-2002 Recodification Citation: 32-13-1-16.]
As added by P.L.2-2002, SEC.21.