Indiana § 27-9-3-20 Liens dissolved by furnishing bond; effect of voidable lien

Indiana Statutes

§ 27-9-3-20 — Liens dissolved by furnishing bond; effect of voidable lien

Indiana § 27-9-3-20

Title 27INSURANCE

Art. 9SUPERVISION; REHABILITATION;

Ch. 3Formal Proceedings

This text of Indiana § 27-9-3-20 (Liens dissolved by furnishing bond; effect of voidable lien) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-9-3-20 (2026).

Text

If any lien that is voidable under section 16(b)
of this chapter has been dissolved by the furnishing of a bond or other
obligation, the surety on which has been indemnified directly or
indirectly by the transfer of or the creation of a lien upon any property
of an insurer before the filing of a petition under IC 27-9 that results in
a liquidation order, the indemnifying transfer or lien shall also be
considered voidable.
As added by Acts 1979, P.L.255, SEC.1.

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If any lien that is voidable under section 16(b)
of this chapter has been dissolved by the furnishing of a bond or other
obligation, the surety on which has been indemnified directly or
indirectly by the transfer of or the creation of a lien upon any property
of an insurer before the filing of a petition under IC 27-9 that results in
a liquidation order, the indemnifying transfer or lien shall also be
considered voidable.
As added by Acts 1979, P.L.255, SEC.1.