A conveyance of any real estate in fee simple or for life, a conveyance of any future estate, or a lease for more than three (3) years after the making of the lease is not valid and effectual against any person other than:

1. (1) the grantor;
2. (2) the grantor's heirs and devisees; and

3. (3) persons having notice of the conveyance or lease;

   unless the conveyance or lease is made by a deed recorded within the time and in the manner provided in this chapter.

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

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