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§ 32-23-7-4 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 32 - Property/
  5. Article 23 - Conveyance of Property Interests Less Than Fee Simple/
  6. Chapter 7 - Oil and Gas: Estates in Land32-23-7-0.3. "Coal Bed Methane"/
  7. § 32-23-7-4
Indiana Legal Code

§ 32-23-7-4

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(a) As used in this chapter, 'person in interest' means:(1) if used in reference to an oil and gas estate in land, the owner of a beneficial interest in the oil and gas estate in land; or(2) if used in reference to a coal bed methane estate in land, the owner of a beneficial interest in the coal bed methane estate in land;whether the interest is held for life, for a term of years, or in fee.(b) The term includes a lessee, licensee, or duly qualified agent of the owner.(c) The term does not include a mortgagee or security assignee of the owner if the mortgagee or security assignee does not have a right to the control or operation of the premises for:(1) if used in reference to an oil and gas estate in land, oil and gas; or(2) if used in reference to a coal bed methane estate in land, coal bed methane.[Pre-2002 Recodification Citation: 32-5-7-1(c).]As added by P.L.2-2002, SEC.8. Amended by P.L.140-2011, SEC.24.