Indiana Statutes
§ 32-32-3-10 — Leasehold interest
Indiana § 32-32-3-10
This text of Indiana § 32-32-3-10 (Leasehold interest) 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 § 32-32-3-10 (2026).
Text
(a)If the interest of the developer in a
project is a leasehold interest, the lease, unless otherwise determined
by the division, must provide that:
(1)the lessee must give the association notice of termination of
the lease for any default by the lessor; and
(2)the lessor, upon the bankruptcy of the lessee, shall enter into
a new lease with the association upon the same terms and
conditions as were contained in the lease with the developer.
(b)The division may require the developer to execute a bond or
other type of security for the payment of the lease obligation.
[Pre-2002 Recodification Citation: 24-5-9-31.]
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Legislative History
As added by P.L.2-2002, SEC.17.
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References to repealed statutes§ 32-16-1-7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 § 32-32-3-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/32-32-3-10.