Indiana Code 36-7-18-34. Exemption of real property from execution or other judicial process
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Sec. 34. (a) All real property of a housing authority is exempt from levy and sale by virtue of an execution, and no execution or other judicial process may be issued against it.
(c) This section does not apply to the right of obligees to foreclose or otherwise enforce a mortgage of a housing authority, or the right of obligees to pursue remedies for the enforcement of a pledge or lien given by an authority on its rents, fees, or revenues.
(b) A judgment against a housing authority may not be made a charge or lien upon its real property.
Terms Used In Indiana Code 36-7-18-34
- 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
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
[Pre-Local Government Recodification Citation: 18-7-11-19.]
As added by Acts 1981, P.L.309, SEC.37.