Indiana Code > Title 14 > Article 30.5 > Chapter 3 – Purposes, Powers, and Duties of a Watershed Development Commission
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Terms Used In Indiana Code > Title 14 > Article 30.5 > Chapter 3 - Purposes, Powers, and Duties of a Watershed Development Commission
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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
- Personal property: All property that is not real property.
- Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
- Property: includes personal and real property. See Indiana Code 1-1-4-5