Indiana Statutes
§ 32-21-5-4 — "Defect" defined
Indiana·Title 32 PROPERTY·Art. 21 CONVEYANCE PROCEDURES FOR REAL·Ch. 5 Residential Real Estate Sales Disclosure
As used in connection with disclosure forms
required by this chapter, "defect" means a condition that would have a
significant adverse effect on the value of the property, that would
significantly impair the health or safety of future occupants of the
property, or that if not repaired, removed, or replaced would
significantly shorten or adversely affect the expected normal life of the
premises.
[Pre-2002 Recodification Citation: 24-4.6-2-4.]
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Legislative History
As added by P.L.2-2002, SEC.6.
Nearby Sections
15
§ 32-16-1-1
"Prior property law"§ 32-16-1-2
Purpose of recodification§ 32-16-1-3
Statutory construction of recodification§ 32-16-1-4
Effect of recodification§ 32-16-1-5
Recodification of prior property law§ 32-16-1-6
References to repealed statutes§ 32-16-1-7
References to citations§ 32-16-1-8
References to prior rules§ 32-16-1-9
References to prior property law§ 32-17-1-1
"Grantor"§ 32-17-1-2
Fee simple conveyance§ 32-17-1-3
Estates tail; abolition§ 32-17-1-4
Lineal and collateral warranties; abolition§ 32-17-10-1
Application of chapter