If the forty (40) year period specified in this chapter has expired, or would expire, prior to two (2) years after the effective date of this statute, such period shall be extended two (2) years after the effective date of this statute to allow for the recording of notice pursuant to this chapter.

History of Section.
P.L. 1995, ch. 241, § 1; P.L. 1995, ch. 299, § 1.