Indiana Code 21-34-6-3. Liens
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Terms Used In Indiana Code 21-34-6-3
- Lien: A claim against real or personal property in satisfaction of a debt.
Sec. 3. The lien of the pledges or mortgages, to the extent of the lien, unless otherwise determined by the board of trustees of the state educational institution, is a first and primary lien for the payment of the bonds secured and the interest on the bonds.
[Pre-2007 Higher Education Recodification Citation: 20-12-6-6(b).]
As added by P.L.2-2007, SEC.275.