§ 27-9-3-18 — Liens

(a) A lien obtainable by legal or equitable
proceedings upon a simple contract is one arising in the ordinary
course of those proceedings upon the entry or docketing of a judgment
or decree, or upon attachment, garnishment, execution, or like process,
whether before, upon, or after judgment or decree and whether before
or upon levy. It does not include liens that under applicable law are
given a special priority over other liens that are prior in time.
(b) A lien obtainable by legal or equitable proceedings could
become superior to the rights of a transferee, or a purchaser could
obtain rights superior to the rights of a transferee within the meaning
of section 17 of this chapter, if those consequences would follow only
from the lien or purchase itself, or from the lien or purchase followed
by any step wholly within the control of the respective lienholder or
purchaser, with or without the aid of ministerial action by public
officials. A lien could not, however, become superior and a purchase
could not create superior rights for the purpose of section 17 of this
chapter through any acts after obtaining a lien or after a purchase that
requires the agreement or concurrence of any third party or which
requires any further judicial action or ruling.
As added by Acts 1979, P.L.255, SEC.1.