Indiana Code 34-55-6-1. Real estate; rents and profits to be first offered for sale
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Terms Used In Indiana Code 34-55-6-1
- 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
Sec. 1. The estate or interest of the judgment debtor in any real estate shall not be sold on execution until the rents and profits of the real estate has been first offered for sale at public auction for a period not exceeding seven (7) years. However, if the real estate does not sell for a sum sufficient to satisfy the execution, the estate or interest of the judgment debtor shall be sold by virtue of the execution.
[Pre-1998 Recodification Citation: 34-1-39-1.]
As added by P.L.1-1998, SEC.51.