Indiana Statutes

§ 32-29-10-5 — Expiration of lien; limitation of actions

Indiana·Title 32 PROPERTY·Art. 29 MORTGAGES·Ch. 10 Ten Year Expiration on Lien of a Series Mortgage

Notwithstanding any other Indiana statute:

(1)the lien of a series mortgage expires ten (10) years after the final maturity date of the series mortgage; and
(2)an action may not be commenced in an Indiana court to enforce or to foreclose the lien of a series mortgage more than ten
(10)years after the final maturity date of the series mortgage. [Pre-2002 Recodification Citation: 32-8-19-2.]

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Legislative History

As added by P.L.2-2002, SEC.14.

Nearby Sections

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