Information Maintained by the Office of Code Revision
Indiana Legislative Services Agency
IC 32-23-5
Chapter 5. Uniform Conservation Easement Act
IC
32-23-5-1
Application and construction of chapter
Sec. 1. (a) This chapter applies to any interest created after
(1) as a conservation easement;
(2) as a covenant;
(3) as an equitable servitude;
(4) as a restriction;
(5) as an easement; or
(6) otherwise.
(b) This chapter applies to any interest created before
(c) This chapter does not invalidate any interest,
whether designated:
(1) as a conservation easement;
(2) as a preservation easement;
(3) as a covenant;
(4) as an equitable servitude;
(5) as a restriction;
(6) as an easement; or
(7) otherwise;
if the designated interest is enforceable under another law of this state.
(d) This chapter shall be applied and construed to
effectuate the general purpose of the chapter to make uniform the laws with
respect to the subject of the chapter among the states that enact language
consistent with this chapter.
As added by P.L.2-2002, SEC.8.
IC 32-23-5-2
"Conservation easement" defined
Sec. 2. As used in this chapter,
"conservation easement" means a nonpossessory interest of a holder in real property that
imposes limitations or affirmative obligations with the purpose of:
(1) retaining or protecting
natural, scenic, or open space values of real property;
(2) assuring availability of
the real property for agricultural, forest, recreational, or open space use;
(3) protecting natural
resources;
(4) maintaining or enhancing
air or water quality; or
(5) preserving the historical,
architectural, archeological, or cultural aspects of real property.
As added by P.L.2-2002, SEC.8.
(d)
An interest in real property is not impaired by a conservation easement if the
interest exists at the time the conservation easement is created, unless the
owner of the interest is a party to the conservation easement or consents to
the conservation easement.
As added by P.L.2-2002, SEC.8.
IC
32-23-5-7
Validity of conservation easements
Sec. 7. A conservation easement is valid even though:
(1) the conservation easement
is not appurtenant to an interest in real property;
(2) the conservation easement
can be or has been assigned to another holder;
(3) the conservation easement
is not of a character that has been recognized traditionally at common law;
(4) the conservation easement
imposes a negative burden;
(5) the conservation easement
imposes affirmative obligations upon the owner of an interest in the burdened
property or upon the holder;
(6) the benefit does not touch
or concern real property; or
(7) there is no privity of estate or of contract.
As added by P.L.2-2002, SEC.8.
IC
32-23-5-8
Taxation
Sec. 8. For the purposes of IC 6-1.1, real property that is subject
to a conservation easement shall be assessed and taxed on a basis that reflects
the easement.
As added by P.L.2-2002, SEC.8.