# Ind. Code § 5-28-29-10: "Passive real estate ownership"

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-10

## Section

- **Citation:** Ind. Code § 5-28-29-10
- **Heading:** "Passive real estate ownership"
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 5 / Article 28 / Chapter 29 / Section 5-28-29-10

## Text

Sec. 10. As used in this chapter, "passive real estate ownership" means ownership of real estate for the purpose of deriving income from speculation, trade, or rentals, except that the term does not include the following:

(1) Ownership of that part of real estate being used or intended to be used for the operation of the business of the owner of the real estate.

(2) Ownership of real estate for the purpose of construction or renovation until the completion of the construction or renovation phase.

As added by P.L.162-2007, SEC.24.

## Nearby sections

- [Ind. Code § 5-28-29-1 "Agreement"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-1.md)
- [Ind. Code § 5-28-29-2 "Amount"; "proceeds"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-2.md)
- [Ind. Code § 5-28-29-3 "Borrower"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-3.md)
- [Ind. Code § 5-28-29-4 "Capital access account"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-4.md)
- [Ind. Code § 5-28-29-5 "Claim"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-5.md)
- [Ind. Code § 5-28-29-6 "Early loan"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-6.md)
- [Ind. Code § 5-28-29-7 "Eligible loan"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-7.md)
- [Ind. Code § 5-28-29-8 "Enrolled loan"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-8.md)
- [Ind. Code § 5-28-29-9 "Lender"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-9.md)
- [Ind. Code § 5-28-29-10 "Passive real estate ownership"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-10.md)
- [Ind. Code § 5-28-29-11 "Program"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-11.md)
- [Ind. Code § 5-28-29-12 "Reserve fund"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-12.md)
- [Ind. Code § 5-28-29-13 Establishment; purpose](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-13.md)
- [Ind. Code § 5-28-29-14 Duties](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A28_C29_S5-28-29-10. Check the current official text before relying on it. Not legal advice.