CHAPTER 2. DEFINITIONS
IC 32-25.5-2
Chapter 2. Definitions
IC 32-25.5-2-1
Applicability
Sec. 1. The definitions in this chapter apply throughout thisarticle.
As added by P.L.167-2009, SEC.2.
IC 32-25.5-2-2
"Board"
Sec. 2. "Board" refers to the board of directors of a homeownersassociation.
As added by P.L.167-2009, SEC.2.
IC 32-25.5-2-3
"Governing documents"
Sec. 3. "Governing documents" includes:
(1) the articles of incorporation and bylaws of a homeownersassociation and all adopted amendments to the articles ofincorporation and bylaws; and
(2) any applicable declaration of plat.
As added by P.L.167-2009, SEC.2.
IC 32-25.5-2-4
"Homeowners association"
Sec. 4. "Homeowners association" means a corporation or anotherentity 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 otherdocuments governing the corporation or entity, to:
(A) acquire, transfer, manage, repair, maintain, or engage inconstruction on or in the land and improvements on the landrelated to the use of the dwellings owned by the members ofthe corporation or entity;
(B) purchase insurance to cover a casualty or an activity onor in the land and improvements on the land;
(C) engage in an activity incidental to an activity describedin clause (A) or (B); or
(D) engage in more than one (1) of the activities describedin clauses (A) through (C); and
(3) may be governed by a board that serves the purpose ofsetting policy and controlling or otherwise overseeing theactivities or functional responsibilities of the corporation orentity.
As added by P.L.167-2009, SEC.2.
IC 32-25.5-2-5
"Subdivision" Sec. 5. "Subdivision" means the division of a parcel of land intolots, parcels, tracts, units, or interests in the manner defined andprescribed by a subdivision control ordinance adopted by alegislative body under IC 36-7-4.
As added by P.L.167-2009, SEC.2.