Indiana Code 22-9.5-7-3. Effect of relief granted on prior transactions
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Sec. 3. Relief granted under this chapter does not affect a contract, a sale, an encumbrance, or a lease that:
(2) involved a bona fide purchaser, an encumbrancer, or a tenant who did not have actual notice of the filing of a complaint or a civil action under this article.
(1) was consummated before the granting of the relief; and
Terms Used In Indiana Code 22-9.5-7-3
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
As added by P.L.66-1990, SEC.2.