32-21-1-7. Conveyance revocable at will of grantor; provision void as to subsequent purchaser

IN Code § 32-21-1-7 (2019) (N/A)
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Sec. 7. If a conveyance of or charge upon an estate contains a provision for revocation at the will of the grantor, the provision is void as to subsequent purchasers from the grantor, for a valuable consideration, of the estate or interest subject to the provision, even though the provision is not expressly revoked.

[Pre-2002 Recodification Citation: 32-2-1-11.]

As added by P.L.2-2002, SEC.6.