§ 32-25.5-2-1 Applicability
§ 32-25.5-2-2 “Board”
§ 32-25.5-2-3 “Governing documents”
§ 32-25.5-2-4 “Homeowners association”
§ 32-25.5-2-5 “Subdivision”
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Terms Used In Indiana Code > Title 32 > Article 25.5 > Chapter 2 - Definitions

  • 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.