Indiana Code 25-34.1-7-11. Subrogation
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Terms Used In Indiana Code 25-34.1-7-11
- Commission: means the Indiana real estate commission. See Indiana Code 25-34.1-1-2
- Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
- Real estate: means any right, title, or interest in real property. See Indiana Code 25-34.1-1-2
Sec. 11. When the commission has ordered and caused payment to be made from the real estate recovery fund to a judgment creditor, the commission is subrogated to the rights of the judgment creditor with respect to the amount paid.
As added by P.L.255-1987, SEC.6. Amended by P.L.134-2013, SEC.23.