Sec. 4. (a) The following may be recorded in the county where the land to which the letter or contract relates is situated:
(1) Letters of attorney containing a power to a person to:
(A) sell or convey land; or
(B) sell and convey land as the agent of the owner of the land.
(2) An executory contract for the sale, purchase, or lease of land, or a memorandum of an executory contract for the sale, purchase, or lease of land recorded under IC 36-2-11-20, when proved or acknowledged in the manner prescribed in this chapter for the proof or acknowledgment of conveyances.
(b) The record when recorded and the certified transcript of the record may be read in evidence in the same manner and with the same effect as a conveyance.
(c) A document recorded under this section gives notice to persons that are not parties to the letter or contract of:
(1) the existence of the letter or contract;
(2) the identities of the parties to the letter or contract; and
(3) the duty to inquire about the terms and conditions of the letter or contract if the recorded document does not disclose the terms and conditions.
[Pre-2002 Recodification Citation: 32-1-2-32.]
As added by P.L.2-2002, SEC.6. Amended by P.L.127-2017, SEC.9.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.