Sec. 34. (a) All
real property of a housing authority is exempt from levy and sale by virtue of an execution, and no execution or other judicial process may be issued against it.
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Terms Used In Indiana Code 36-7-18-34
- Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(c) This section does not apply to the right of obligees to foreclose or otherwise enforce a mortgage of a housing authority, or the right of obligees to pursue remedies for the enforcement of a pledge or lien given by an authority on its rents, fees, or revenues.
[Pre-Local Government Recodification Citation: 18-7-11-19.]
As added by Acts 1981, P.L.309, SEC.37.
