Failure to record lease; effect

Sec. 2. (a) This section does not apply to any lease that is entered into by the Indiana department of transportation under IC 8-23-2. (b) 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. [Pre-2002 Recodification Citation: 32-7-2-1 part.] As added by P.L.2-2002, SEC.16. Amended by P.L.14-2019, SEC.6.