Indiana Code 13-25-4-18. Lien; duration
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Sec. 18. A lien created under section 11 of this chapter or IC 13-7-8.7-10.7 (before its repeal) continues until the earlier of the following:
(2) The expiration of a ten (10) year period from the date of the creation of the lien unless an action to foreclose the lien is pending.
(1) The full discharge and satisfaction of the lien.
Terms Used In Indiana Code 13-25-4-18
- Lien: A claim against real or personal property in satisfaction of a debt.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
[Pre-1996 Recodification Citation: 13-7-8.7-10.7(h).]
As added by P.L.1-1996, SEC.15.