§ 36-9-27.8-20 — Liability of grantee; acquirer of title after mortgage foreclosure not liable

Indiana § 36-9-27.8-20

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 9: TRANSPORTATION AND PUBLIC WORKS
• Ch. 27.8: Subdivision Drain Repair Pilot Program

Text

(a) In the case of a voluntary conveyance
of property in a subdivision, the grantee of the property is jointly and
severally liable with the grantor for all unpaid subdivision drain repair
assessments that were imposed on the grantor under this chapter before
the grant or conveyance, without prejudice to the grantee's right to
recover from the grantor the amounts of the subdivision drain repair
assessments paid by the grantee.
(b) If the mortgagee of a first mortgage of record or another
purchaser obtains title to a property in a subdivision as a result of
foreclosure of the first mortgage, the acquirer of title or the acquirer's
successors and assigns are not liable for the share of the subdivision
drain repair assessments that are chargeable to the property and that
became due before the acquirer acquired title to the property, and any
subdivision drain repair lien on the property relating to the share of the
subdivision drain repair assessment that became due before the
mortgagee or other purchaser acquired title to the property shall be
released.

Legislative History

As added by P.L.139-2018, SEC.2.