"Condominium unit"
Sec. 9. "Condominium unit" means:
(1) an enclosed space:
(A) that consists of one (1) or more rooms occupying all or
part of a floor or floors in a structure of one (1) or more
floors or stories, regardless of whether the enclosed space is
designed:
(i) as a residence;
(ii) as an office;
(iii) for the operation of any industry or business; or
(iv) for any other type of independent use; and
(B) that has:
(i) a direct exit to a public street or highway; or
(ii) an exit to a thoroughfare or to a given common space
leading to a thoroughfare; and
(2) the undivided interest in the common elements appertaining
to an enclosed space referred to in subdivision (1).
As added by P.L.2-2002, SEC.10.
Last modified: May 24, 2006