Indiana Statutes

§ 32-25-2-6 — "Common profits"

Indiana·Title 32 PROPERTY·Art. 25 CONDOMINIUMS·Ch. 2 Definitions

"Common profits" means the balance remaining, after the deduction of the common expenses, of all:

(1)income;
(2)rents;
(3)profits; and
(4)revenues; from the common areas and facilities. [Pre-2002 Recodification Citation: 32-1-6-2(j).]

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Legislative History

As added by P.L.2-2002, SEC.10.

Nearby Sections

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