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.
Ind. Code § 34-55-6-1
Real estate; rents and profits to be first offered for sale
Applied in 1 court decision — leading case Dempsey v. JP Morgan Chase Bank, N.A. (2008)
Most recently applied in Dempsey v. JP Morgan Chase Bank, N.A. (March 2008)
As added by P.L.1-1998, SEC.51.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.