§ 32-23-8-1 Lapse of rental payment; nonproduction or nondevelopment of lease
§ 32-23-8-2 Certification of invalidity of lease; recording
§ 32-23-8-3 Payment of rent; void cancellation
§ 32-23-8-4 Appeal of cancellation of lease
contract signature

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Terms Used In Indiana Code > Title 32 > Article 23 > Chapter 8 - Oil and Gas: Cancellation of Contracts and Leases for Oil and Gas

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • 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.
  • 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
  • Probate: Proving a will
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5