Indiana Code 29-1-15-20. Lien of state for inheritance or estate taxes
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Terms Used In Indiana Code 29-1-15-20
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
Sec. 20. The lien of the state for inheritance or estate taxes shall not extend to any interest acquired by a purchaser, mortgagee, or lessee through any transfer made by a personal representative under a power contained in a will, under IC 29-1-7.5-3, or under order of the court.
Formerly: Acts 1953, c.112, s.1520. As amended by Acts 1976, P.L.125, SEC.7.