Indiana Code 7.1-2-5-16. Rights of lien holders
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Terms Used In Indiana Code 7.1-2-5-16
- Lien: A claim against real or personal property in satisfaction of a debt.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 16. A lien holder, by intervention at a hearing as provided in section 14 or 15 of this chapter or in another proceeding brought for that purpose, at any time before the sale of property ordered sold, may have the lien holder’s lien determined and the lien holder’s priority fixed. Liens determined under this section shall be transferred to and attached to the proceeds of the sale of the property.
[Pre-1973 Recodification Citation: 7-1-1-40.]
Formerly: Acts 1973, P.L.55, SEC.1. As amended by P.L.86-2018, SEC.98.