"Conveyance document" defined
Sec. 2. As used in this chapter, "conveyance document" means
any document, deed, contract of sale, agreement, judgment, lease that
includes the fee simple estate and is for a period in excess of ninety
(90) years, quitclaim deed serving as a source of title, or other
document presented for recording, that purports to transfer a real
property interest for valuable consideration. The term does not
include the following:
(1) Security interest documents such as mortgages and trust
deeds.
(2) Leases that are for a term of less than ninety (90) years.
(3) Documents for compulsory transactions as a result of
foreclosure or express threat of foreclosure, divorce, court
order, condemnation, or probate.
(4) Documents involving the partition of land between tenants
in common, joint tenants, or tenants by the entirety.
(5) Agreements and other documents for mergers,
consolidations, and incorporations involving solely nonlisted
stock.
(6) Quitclaim deeds not serving as a source of title.
As added by P.L.63-1993, SEC.1.
Last modified: May 28, 2006