Ind. Code § 6-1.1-8-9

Light, heat, or power companies

Applied in 1 court decision — leading case LOCAL GOV. FIN. v. Commonwealth Edison (2005)

Most recently applied in LOCAL GOV. FIN. v. Commonwealth Edison (January 2005)

Formerly: Acts 1975, P.L.47, SEC.1

Sec. 9. (a) The fixed property of a light, heat, or power company consists of real property which is not part of the company's right-of-ways, transmission system, or distribution system.

(b) A light, heat, or power company's property which is not described as fixed property in subsection (a) of this section is definite-situs distributable property. This property includes, but is not limited to, turbo-generators, boilers, transformers, transmission lines, distribution lines, and pipe lines.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.