Sec. 14. A grantor of lands reserving an absolute power of revocation, shall be deemed an absolute owner, as regards creditors and purchasers.
Ind. Code § 30-1-9-14
Reserving absolute power of revocation
Applied in 1 court decision — leading case Albion Production Credit Ass'n v. Langley (In Re Langley) (1983)
Most recently applied in Albion Production Credit Ass'n v. Langley (In Re Langley) (April 1983)
Formerly: Acts 1852, 1RS, c.113, s.14.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.