Indiana Statutes
§ 32-25-8-15 — Reservation of option not to expand; disclosure
Indiana § 32-25-8-15
This text of Indiana § 32-25-8-15 (Reservation of option not to expand; disclosure) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 32-25-8-15 (2026).
Text
If a declarant reserves an option in the declaration to not expand the condominium, the declarant shall:
(1)make a full disclosure of that option to every prospective
buyer in writing before the buyer enters an agreement to purchase
a condominium unit; and
(2)obtain and retain an instrument acknowledging receipt of that
disclosure by the prospective buyer.
[Pre-2002 Recodification Citation: 32-1-6-15.5.]
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Legislative History
As added by P.L.2-2002, SEC.10.
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References to repealed statutes§ 32-16-1-7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 chapterCite This Page — Counsel Stack
Bluebook (online)
Indiana § 32-25-8-15, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/32-25-8-15.