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 § 36-9-36-47

Title 36LOCAL GOVERNMENT

Art. 9TRANSPORTATION AND PUBLIC WORKS

Ch. 36Barrett Law Funding for Counties and Municipalities

This text of Indiana § 36-9-36-47 (Transfer of assessment liens to bond owners) 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 § 36-9-36-47 (2026).

Text

(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.