Indiana Code 36-1-10-19. Assignment or conveyance of lease; conveyance of structure, system, or transportation project
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Terms Used In Indiana Code 36-1-10-19
- 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
- System: means :
Indiana Code 36-1-10-2
Sec. 19. A lessor may assign or convey a lease entered into under this chapter to any other person as set forth in the lease. A lessor may convey the structures, transportation projects, or system to any person. However, an assignment or conveyance under this section does not affect the terms and conditions of the lease.
[Pre-Local Government Recodification Citation: 18-5-3.3-12.]
As added by Acts 1981, P.L.57, SEC.36. Amended by P.L.37-1988, SEC.20; P.L.343-1989(ss), SEC.22.