Indiana § 14-25-5-12 - Agreements to compensate owners for diminution in value
Full text of Indiana Indiana Code § 14-25-5-12 — Agreements to compensate owners for diminution in value, with citation guidance and answers to common questions.
§ 14-25-5-12. Agreements to compensate owners for diminution in value
Sec. 12. A significant water withdrawal facility and a lake owner may enter into an agreement to compensate the lake owner for the diminution in value of the lake owner's property caused by significant lowering of the lake level. If a significant water withdrawal facility and a lake owner enter into an agreement under this section, the owner of the significant water withdrawal facility is not required to file a financial responsibility bond under section 10 of this chapter.
[Pre-1995 Recodification Citation: 13-2-2.6-14.]
As added by P.L.1-1995, SEC.18.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 14-25-5-12
What does Indiana Code § 14-25-5-12 cover?
Section 14-25-5-12 ("Agreements to compensate owners for diminution in value") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 14-25-5-12?
A common citation format is "Indiana Code § 14-25-5-12" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 14-25-5-12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.