§ 6-1.1-23.9-3 — "Substantial property interest of public record"

Indiana § 6-1.1-23.9-3

• Jurisdiction: Indiana
• Art. 1.1: PROPERTY TAXES
• Ch. 23.9: Definitions Applicable to Chapters 24, 24.5, and 25

Text

(a) "Substantial property interest of public
record" means title to or interest in a tract that is within the tract's chain
of record title and:
(1) possessed by a person; and
(2) either:
(A) recorded in the office of the county recorder for the county
in which the tract is located; or
(B) available for public inspection and properly indexed in the
office of the circuit court clerk in the county in which the tract
is located;
not later than the hour and date a sale is scheduled to commence
under IC 6-1.1-24.
The term does not include a lien held by the state or a political
subdivision.
(b) For purposes of IC 6-1.1-24 and IC 6-1.1-25 only, chain of
record title includes instruments executed by the owner and recorded
within the five (5) day period before the date the owner acquires title
to the tract.

Legislative History

As added by P.L.99-2018, SEC.1. Amended by P.L.187-2018, SEC.2.