Indiana § 36-9-36-47 Transfer of assessment liens to bond owners

Indiana Statutes

§ 36-9-36-47 — Transfer of assessment liens to bond owners

Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 36 Barrett Law Funding for Counties and Municipalities

(a)Bonds issued in anticipation of the collection of assessments convey and transfer to the owner of the bonds all interests in the assessments and liens upon the respective lots or parcels of land.

(b)The liens stand as security for the bonds and interest until the bonds and interest are paid. A bond owner has full power to enforce the lien by foreclosure in court as provided in this chapter if the bond or interest is not paid when presented to the disbursing officer.

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(a) Bonds issued in anticipation of the
collection of assessments convey and transfer to the owner of the bonds
all interests in the assessments and liens upon the respective lots or
parcels of land.
(b) The liens stand as security for the bonds and interest until the
bonds and interest are paid. A bond owner has full power to enforce the
lien by foreclosure in court as provided in this chapter if the bond or
interest is not paid when presented to the disbursing officer.

Indiana § 36-9-36-47 (Transfer of assessment liens to bond owners) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.