Section 32-23-5-2 - "Conservation easement" 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.Pre-2002 Recodification Citation: 32-5-2.6-1 part.
As added by P.L. 2-2002, SEC.8.