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Terms Used In Indiana Code 26-1-9.1-606

  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Statute: A law passed by a legislature.
   Sec. 606. For purposes of IC 26-1-9.1-601 through IC 26-1-9.1-628, a default occurs in connection with an agricultural lien at the time the secured party becomes entitled to enforce the lien in accordance with the statute under which it was created.

As added by P.L.57-2000, SEC.45.