"Condominium" means real estate:

1. (1) lawfully subjected to this article by the recordation of condominium instruments; and

2. (2) with respect to which the undivided interests in the common areas and facilities are vested in the condominium unit owners.

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

As added by P.L.2-2002, SEC.10. Amended by P.L.2-2005, SEC.85.