Indiana Code > Title 32 > Article 22 > Chapter 3 – Rights of a Foreign Business Entity to Hold and Convey Agricultural Land
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Terms Used In Indiana Code > Title 32 > Article 22 > Chapter 3 - Rights of a Foreign Business Entity to Hold and Convey Agricultural Land
- agricultural land: means land for use in crop farming or timber production or as pasture land. See Indiana Code 32-22-3-1
- 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
- Clerk of court: An officer appointed by the court to work with the chief judge in overseeing the court's administration, especially to assist in managing the flow of cases through the court and to maintain court records.
- 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.
- crop farming: means the cultivation of land for the production of agricultural crops, consisting of plants or plant products that can be grown and harvested exclusively for profit or subsistence. See Indiana Code 32-22-3-2
- Devise: To gift property by will.
- Fiduciary: A trustee, executor, or administrator.
- foreign business entity: means :
Indiana Code 32-22-3-3
- 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
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- prohibited person: includes :
Indiana Code 32-22-3-3.5
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Testimony: Evidence presented orally by witnesses during trials or before grand juries.
- Trustee: A person or institution holding and administering property in trust.
- United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5