Indiana § 27-9-3-21 Discharge from voidable lien

Indiana Statutes

§ 27-9-3-21 — Discharge from voidable lien

Indiana·Title 27 INSURANCE·Art. 9 SUPERVISION; REHABILITATION;·Ch. 3 Formal Proceedings

The property affected by any lien considered
voidable under sections 16 and 20 of this chapter shall be discharged
from that lien, and that property and any of the indemnifying property
transferred to or for the benefit of a surety shall pass to the liquidator,
except that the court may on due notice order any lien to be preserved
for the benefit of the estate and the court may direct that the
conveyance be executed as may be proper or adequate to evidence the
title of the liquidator.
As added by Acts 1979, P.L.255, SEC.1.

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The property affected by any lien considered
voidable under sections 16 and 20 of this chapter shall be discharged
from that lien, and that property and any of the indemnifying property
transferred to or for the benefit of a surety shall pass to the liquidator,
except that the court may on due notice order any lien to be preserved
for the benefit of the estate and the court may direct that the
conveyance be executed as may be proper or adequate to evidence the
title of the liquidator.
As added by Acts 1979, P.L.255, SEC.1.

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