Sec. 5. If a person is an owner, as defined in IC 14-22-10-2(c), of property located in a reservoir conservancy district:
(1) IC 14-22-10-2(d) applies to an individual who goes upon or through the person's property located in the reservoir conservancy district for the purpose of:
(A) entering; or
(B) leaving;
the reservoir located within the boundaries of a reservoir conservancy district; and
(2) under IC 14-22-10-2(e), but subject to IC 14-22-10-2(f) and IC 14-22-10-2(g), the person does not assume responsibility or incur liability for:
(A) an injury to; or
(B) damage to the property of;
an individual caused by an act or failure to act of other persons using the person's property or the reservoir located in the reservoir conservancy district.