§ 32-23-7-4 — "Person in interest"

Indiana § 32-23-7-4

• Jurisdiction: Indiana
• Title 32: PROPERTY
• Art. 23: CONVEYANCE OF PROPERTY INTERESTS
• Ch. 7: Oil and Gas: Estates in Land

Text

(a) As used in this chapter, "person in interest"
means:
(1) if used in reference to an oil and gas estate in land, the owner
of a beneficial interest in the oil and gas estate in land; or
(2) if used in reference to a coal bed methane estate in land, the
owner of a beneficial interest in the coal bed methane estate in
land;
whether the interest is held for life, for a term of years, or in fee.
(b) The term includes a lessee, licensee, or duly qualified agent of
the owner.
(c) The term does not include a mortgagee or security assignee of
the owner if the mortgagee or security assignee does not have a right
to the control or operation of the premises for:
(1) if used in reference to an oil and gas estate in land, oil and gas;
or
(2) if used in reference to a coal bed methane estate in land, coal
bed methane.
[Pre-2002 Recodification Citation: 32-5-7-1(c).]

Legislative History

As added by P.L.2-2002, SEC.8. Amended by P.L.140-2011, SEC.24.