Indiana Code > Title 14 > Article 25 > Chapter 2 – Minimum Stream Flow and Water Sale Contracts
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Terms Used In Indiana Code > Title 14 > Article 25 > Chapter 2 - Minimum Stream Flow and Water Sale Contracts
- Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- water utility: means :
Indiana Code 14-25-2-2.5