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32-25-2-6. "Common profits"

IN Code § 32-25-2-6 (2019) (N/A)
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Sec. 6. "Common profits" means the balance remaining, after the deduction of the common expenses, of all:

(1) income;

(2) rents;

(3) profits; and

(4) revenues;

from the common areas and facilities.

[Pre-2002 Recodification Citation: 32-1-6-2(j).]

As added by P.L.2-2002, SEC.10.

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32-25-2-5. "Common expenses"
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