Recording in county where land situated; priority based on time of
filing
Sec. 1. (a) The following must be recorded in the recorder's office
of the county where the land is situated:
(1) A conveyance or mortgage of land or of any interest in land.
(2) A lease for more than three (3) years.
(b) A conveyance, mortgage, or lease takes priority according to
the time of its filing. The conveyance, mortgage, or lease is
fraudulent and void as against any subsequent purchaser, lessee, or
mortgagee in good faith and for a valuable consideration if the
purchaser's, lessee's, or mortgagee's deed, mortgage, or lease is first
recorded.
As added by P.L.2-2002, SEC.6. Amended by P.L.1-2003, SEC.81.
Last modified: May 24, 2006