Sec. 6. "Common profits" means the balance remaining, after the deduction of the common expenses, of all:
(1) income;
(2) rents;
(3) profits; and
(4) revenues;
from the common areas and facilities.
[Pre-2002 Recodification Citation: 32-1-6-2(j).]
As added by P.L.2-2002, SEC.10.
Structure Indiana Code
32-25-2-1. Applicability of Definitions
32-25-2-2. "Association of Co-Owners"
32-25-2-4. "Common Areas and Facilities"
32-25-2-8. "Condominium Instruments"
32-25-2-10. "Contractable Condominium"
32-25-2-14. "Expandable Condominium"
32-25-2-15. "Limited Common Areas and Facilities"