Information Maintained by the Office of Code Revision Indiana Legislative Services Agency

IC 32-25.5-2
     Chapter 2. Definitions

 

pdf Chapter3 Homeowners Associations 5-2


IC 32-25.5-2-1
Applicability


    
Sec. 1. The definitions in this chapter apply throughout this article.
As added by P.L.167-2009, SEC.2.

 

Return to top

IC 32-25.5-2-2
"Board"


    
Sec. 2. "Board" refers to the board of directors of a homeowners association.
As added by P.L.167-2009, SEC.2.

 

Return to top

 

IC 32-25.5-2-3
"Governing documents"

     Sec. 3. "Governing documents" includes:
        (1) the articles of incorporation and bylaws of a homeowners association and all adopted amendments to the articles of incorporation and bylaws; and
        (2) any applicable declaration of plat.
As added by P.L.167-2009, SEC.2.

 

Return to top

 

IC 32-25.5-2-4
"Homeowners association"

     Sec. 4. "Homeowners association" means a corporation or another entity that:
        (1) is organized and operated exclusively for the benefit of two (2) or more persons who each own a dwelling in fee simple;
        (2) acts, in accordance with the articles, bylaws, or other documents governing the corporation or entity, to:
            (A) acquire, transfer, manage, repair, maintain, or engage in construction on or in the land and improvements on the land related to the use of the dwellings owned by the members of the corporation or entity;
            (B) purchase insurance to cover a casualty or an activity on or in the land and improvements on the land;
            (C) engage in an activity incidental to an activity described in clause (A) or (B); or
            (D) engage in more than one (1) of the activities described in clauses (A) through (C); and
        (3) may be governed by a board that serves the purpose of setting policy and controlling or otherwise overseeing the activities or functional responsibilities of the corporation or entity.
As added by P.L.167-2009, SEC.2.

 

Return to top

 

IC 32-25.5-2-5
"Subdivision"


     Sec. 5. "Subdivision" means the division of a parcel of land into lots, parcels, tracts, units, or interests in the manner defined and prescribed by a subdivision control ordinance adopted by a legislative body under IC 36-7-4.
As added by P.L.167-2009, SEC.2.