1. (a) If property is submitted to the condominium, each condominium unit owner is seized of:

   1. (1) the fee simple title to;
   2. (2) the exclusive ownership of; and

   3. (3) the exclusive possession of;

      the owner's condominium unit and undivided interest in the common areas and facilities.

2. (b) A condominium unit may be:

   1. (1) individually conveyed;
   2. (2) individually encumbered; and

   3. (3) the subject of:

      1. (A) ownership;
      2. (B) possession;
      3. (C) sale; and

      4. (D) all types of juridic acts inter vivos or causa mortis;

         as if the condominium unit were sole and entirely independent of the other condominium units in the building of which the condominium unit forms a part.

3. (c) Individual titles and interests with respect to condominium units are recordable.

   [Pre-2002 Recodification Citation: 32-1-6-5.]

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