Sec. 15. Property upon which any lien or other encumbrance exists may not be acquired under this chapter unless, at the time the property is acquired, a sufficient sum of money is deposited in trust to pay and redeem the lien or encumbrance in full.
Ind. Code § 36-9-23-15
Acquisition of property subject to lien or other encumbrance
As added by Acts 1981, P.L.309, SEC.96.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.