Failure to record lease; effect
Sec. 2. If a lease for a period longer than three (3) years is not
recorded within forty-five (45) days after its execution, the lease is
void against any subsequent purchaser, lessee, or mortgagee who
acquires the real estate in good faith and for valuable consideration.
As added by P.L.2-2002, SEC.16.
Last modified: May 24, 2006