Indiana Statutes
§ 32-25-5-1 — First conveyance; satisfaction of liens
Indiana § 32-25-5-1
This text of Indiana § 32-25-5-1 (First conveyance; satisfaction of liens) 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 § 32-25-5-1 (2026).
Text
(a)At the time of the first conveyance of each
condominium unit:
(1)every mortgage and other lien affecting the condominium unit,
including the unit's percentage of undivided interest in the
common areas and facilities, must be paid and satisfied of record;
or
(2)the condominium unit being conveyed and the unit's
percentage of undivided interest in the common areas and
facilities must be released from the mortgage or other lien by
partial release.
(b)A partial release under subsection (a)(2) must be recorded.
[Pre-2002 Recodification Citation: 32-1-6-16.]
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Legislative History
As added by P.L.2-2002, SEC.10.
Nearby Sections
15
§ 32-16-1-1
"Prior property law"§ 32-16-1-2
Purpose of recodification§ 32-16-1-3
Statutory construction of recodification§ 32-16-1-4
Effect of recodification§ 32-16-1-5
Recodification of prior property law§ 32-16-1-6
References to repealed statutes§ 32-16-1-7
References to citations§ 32-16-1-8
References to prior rules§ 32-16-1-9
References to prior property law§ 32-17-1-1
"Grantor"§ 32-17-1-2
Fee simple conveyance§ 32-17-1-3
Estates tail; abolition§ 32-17-1-4
Lineal and collateral warranties; abolition§ 32-17-10-1
Application of chapterCite This Page — Counsel Stack
Bluebook (online)
Indiana § 32-25-5-1, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/32-25-5-1.