Indiana Statutes

§ 32-23-7-4 — "Person in interest"

Indiana·Title 32 PROPERTY·Art. 23 CONVEYANCE OF PROPERTY INTERESTS·Ch. 7 Oil and Gas: Estates in Land
(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,

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Legislative History

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

Nearby Sections

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