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32-23-7-4. "Person in interest"

IN Code § 32-23-7-4 (2019) (N/A)
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Sec. 4. (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.

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32-23-7-4. "Person in interest"