Chapter 2 Land Acquisition and Construction of Buildings for Benevolent Purposes

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Terms Used In Indiana Code > Title 23 > Article 10 - Fraternal and Other Similar Associations

  • agency: has the meaning set forth in IC 4-22-2-3. See Indiana Code 4-22-10-1
  • Bequest: Property gifted by will.
  • Clerk: means the clerk of the court or a person authorized to perform the clerk's duties. See Indiana Code 1-1-4-5
  • Contract: A legal written agreement that becomes binding when signed.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Devise: To gift property by will.
  • Donor: The person who makes a gift.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Grantor: The person who establishes a trust and places property into it.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Testator: A male person who leaves a will at death.