1. (a) The following may be recorded in the county where the land to which the letter or contract relates is situated:

   1. (1) Letters of attorney containing a power to a person to:

      1. (A) sell or convey land; or
      2. (B) sell and convey land as the agent of the owner of the land.
   2. (2) An executory contract for the sale, purchase, or lease of land, or a memorandum of an executory contract for the sale, purchase, or lease of land recorded under IC 36-2-11-20 , when proved or acknowledged in the manner prescribed in this chapter for the proof or acknowledgment of conveyances.
2. (b) The record when recorded and the certified transcript of the record may be read in evidence in the same manner and with the same effect as a conveyance.

3. (c) A document recorded under this section gives notice to persons that are not parties to the letter or contract of:

   1. (1) the existence of the letter or contract;
   2. (2) the identities of the parties to the letter or contract; and

   3. (3) the duty to inquire about the terms and conditions of the letter or contract if the recorded document does not disclose the terms and conditions.

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

As added by P.L.2-2002, SEC.6. Amended by P.L.127-2017, SEC.9.