Effect of decree
Sec. 4. If all persons in being are parties who would be entitled to
the property sold or leased or the income of the personal property if
the contingency had happened at the date of the commencement of
the proceedings, a decree under section 2 of this chapter is binding
on any person that claims an interest in the real estate or personal
property:
(1) under any party to the decree;
(2) under any person from whom a party to the decree claims;
or
(3) from, under, or by the original:
(A) deed;
(B) will; or
(C) instrument;
by which the particular, limited, or conditional estate with
remainders or executory devisees was created.
As added by P.L.2-2002, SEC.2.
Last modified: May 24, 2006