Indiana § 32-29-7-4.7 Sheriff's sale; foreign business association; eligibility

Indiana Statutes

§ 32-29-7-4.7 — Sheriff's sale; foreign business association; eligibility

Indiana § 32-29-7-4.7

Title 32PROPERTY

Art. 29MORTGAGES

Ch. 7Foreclosure ─ Redemption, Sale, Right to Retain

This text of Indiana § 32-29-7-4.7 (Sheriff's sale; foreign business association; eligibility) 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 § 32-29-7-4.7 (2026).

Text

7.

(a)This section does not apply to a party foreclosing on a mortgage executed on a tract offered for sale under this chapter.

(b)As used in this section, "foreign business association" means a corporation, professional corporation, nonprofit corporation, limited liability company, partnership, or limited partnership that is organized under the laws of another state or country.

(c)A foreign business association that:

(1)has not obtained a certificate of authority from, or registered with, the secretary of state in accordance with the procedures described in IC 23, as applicable; or

(2)has obtained a certificate of authority from, or registered with, the secretary of state in accordance with the procedures described in IC 23, as applicable, but is not in good standing in Indiana as de

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7. (a) This section does not apply to a party
foreclosing on a mortgage executed on a tract offered for sale under
this chapter.
(b) As used in this section, "foreign business association" means a
corporation, professional corporation, nonprofit corporation, limited
liability company, partnership, or limited partnership that is organized
under the laws of another state or country.
(c) A foreign business association that:
(1) has not obtained a certificate of authority from, or registered
with, the secretary of state in accordance with the procedures
described in IC 23, as applicable; or
(2) has obtained a certificate of authority from, or registered with,
the secretary of state in accordance with the procedures described
in IC 23, as applicable, but is not in good standing in Indiana as
determined by the secretary of state;
may not purchase a tract offered for sale under section 4 of this chapter.