Sec. 1. (a) If property is submitted to the condominium, each condominium unit owner is seized of: (1) the fee simple title to; (2) the exclusive ownership of; and (3) the exclusive possession of; the owner's condominium unit and undivided interest in the common areas and facilities. (b) A condominium unit may be: (1) individually conveyed; (2) individually encumbered; and (3) the subject of: (A) ownership; (B) possession; (C) sale; and (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. (c) Individual titles and interests with respect to condominium units are recordable. [Pre-2002 Recodification Citation: 32-1-6-5.]
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