Section 32-31-2-2 - Failure to record lease; effect(a) This section does not apply to any lease that is entered into by the Indiana department of transportation under IC 8-23-2.(b) If a lease for a period longer than three (3) years is not recorded within forty-five (45) days after its execution, the lease is void against any subsequent purchaser, lessee, or mortgagee who acquires the real estate in good faith and for valuable consideration.Pre-2002 Recodification Citation: 32-7-2-1 part.
Amended by P.L. 14-2019,SEC. 6, eff. 7/1/2019.As added by P.L. 2-2002, SEC.16.