Property used by a public utility company consists of property which the company uses under an agreement whereby the company exercises the beneficial rights of ownership for the major part of a year. When reference is made in this chapter to the 'property of' a public utility company or to the public utility 'company's property', the reference includes the property owned or used by that company.[Pre-1975 Property Tax Recodification Citation: 6-1-44-3 part.]Formerly: Acts 1975, P.L.47, SEC.1.
Indiana Legal Code