§ 32-23-7-7 — Interests created; title; alienability

Indiana § 32-23-7-7

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

Text

(a) This section applies to the following:
(1) Interests in oil and gas.
(2) Interests in coal bed methane.
(b) An interest referred to in subsection (a) in, on, under, or that may
be taken from beneath the surface of land located in Indiana may be
created:
(1) for life;
(2) for a term of years; or
(3) in fee;
in the manner and to the extent that other interests in real estate and
title are created.
(c) Title to the estates specified under subsection (b) may be vested
in one (1) or more persons by:
(1) sole ownership;
(2) tenancy in common;
(3) joint tenancy;
(4) tenancy by the entireties; or
(5) another manner recognized under Indiana law.
(d) Interests or estates specified in this section are freely alienable,
in whole or in part, in the same manner as are other interests in real
estate.
[Pre-2002 Recodification Citation: 32-5-7-3.]

Legislative History

As added by P.L.2-2002, SEC.8. Amended by P.L.140-2011, SEC.27.