DEFINITIONS

In this chapter: (1) "Conservation easement" means a nonpossessory interest of a holder in real property that imposes limitations or affirmative obligations designed to: (A) retain or protect natural, scenic, or open-space values of real property or assure its availability for agricultural, forest, recreational, or open-space use; (B) protect natural resources; (C) maintain or enhance air or water quality; or (D) preserve the historical, architectural, archeological, or cultural aspects of real property. (2) "Holder" means: (A) a governmental body empowered to hold an interest in real property under the laws of this state or the United States; or (B) a charitable corporation, charitable association, or charitable trust created or empowered to: (i) retain or protect the natural, scenic, or open-space values of real property; (ii) assure the availability of real property for agricultural, forest, recreational, or open-space use; (iii) protect natural resources; (iv) maintain or enhance air or water quality; or (v) preserve the historical, architectural, archeological, or cultural aspects of real property. (3) "Third-party right of enforcement" means a right provided in a conservation easement to enforce any of its terms granted to a governmental body, charitable corporation, charitable association, or charitable trust that is eligible to be a holder but is not a holder. (4) "Servient estate" means the real property burdened by the conservation easement.