CHAPTER 2. DEFINITIONS

IC 32-20-2
    Chapter 2. Definitions

IC 32-20-2-1
Application
    Sec. 1. The definitions in this chapter apply throughout thisarticle.
As added by P.L.2-2002, SEC.5.

IC 32-20-2-2
"Marketable record title" defined
    Sec. 2. "Marketable record title" means a title of record, asdescribed in IC 32-20-3-1, that operates to extinguish interests andclaims existing before the effective date of the root of title, asprovided in IC 32-20-3-3.
As added by P.L.2-2002, SEC.5.

IC 32-20-2-3
"Muniments" defined
    Sec. 3. "Muniments" means the records of title transactions in thechain of title of a person that:
        (1) purport to create the interest in land claimed by the person;and
        (2) upon which the person relies as a basis for the marketabilityof the person's title;
commencing with the root of title and including all subsequenttransactions.
As added by P.L.2-2002, SEC.5.

IC 32-20-2-4
"Person dealing with land" defined
    Sec. 4. "Person dealing with land" includes:
        (1) a purchaser of an estate or interest in an estate;
        (2) a mortgagee;
        (3) a levying or attaching creditor;
        (4) a land contract vendee; or
        (5) a person seeking to:
            (A) acquire an estate or interest in an estate; or
            (B) impose a lien on an estate.
As added by P.L.2-2002, SEC.5.

IC 32-20-2-5
"Records" defined
    Sec. 5. "Records" includes all official public records that affecttitle to land.
As added by P.L.2-2002, SEC.5.

IC 32-20-2-6
"Root of title" defined
    Sec. 6. "Root of title" means that title transaction in the chain of

title of a person:
        (1) that purports to create the interest claimed by the person;
        (2) upon which the person relies as a basis for the marketabilityof the person's title; and
        (3) that is the most recent to be recorded as of a date at leastfifty (50) years before the time when marketability is beingdetermined.
The effective date of the root of title is the date on which it isrecorded.
As added by P.L.2-2002, SEC.5.

IC 32-20-2-7
"Title transaction" defined
    Sec. 7. "Title transaction" means any transaction affecting title toany interest in land, including the following:
        (1) Title by will or descent.
        (2) Title by tax deed.
        (3) Title by trustee's, referee's, guardian's, executor's,administrator's, commissioner's, or sheriff's deed.
        (4) Title by decree of a court.
        (5) Title by warranty deed, quitclaim deed, or mortgage.
As added by P.L.2-2002, SEC.5.