Recording lien; priority
Sec. 2. (a) This section does not apply to a lien acquired by any
person for purchase money.
(b) Any employee wishing to acquire a lien under section 1 of this
chapter upon the corporate property of any corporation or the
corporation's earnings, whether the employee's claim is due or not,
must file, in the recorder's office of the county where the corporation
is located or doing business, notice of the employee's intention to
hold a lien upon the corporation's property and earnings. The notice
must state the following:
(1) The amount of the employee's claim.
(2) The date of the employee's employment.
(3) The name of the corporation.
When a notice required by this section is presented for record, the
county recorder shall record the notice in the record required by law
for notice of mechanic's liens. The recorder shall charge a fee for
recording the notice in an amount specified in IC 36-2-7-10(b)(1) and
IC 36-2-7-10(b)(2). The lien created shall relate to the time when the
employee was employed by the corporation or to any subsequent date
during the employee's employment, at the election of the employee.
The lien has priority over all liens suffered or created after the time
elected by the employee, except other employees' liens, over which
the lien has no priority.
(c) If:
(1) a person other than an employee acquires a lien upon the
corporate property of any corporation located or doing business
in Indiana;
(2) the lien, for a period of sixty (60) days, either:
(A) remains a matter of record in the proper place specified
in IC 26-1-9.1-501; or
(B) remains otherwise perfected under applicable law; and
(3) no notice of an employee's intention to hold a lien is filed by
any employee of the corporation during that period;
the lien described in subdivision (1) has priority over the lien of an
employee in the county where the corporation is located or doing
business.
As added by P.L.2-2002, SEC.13.
Last modified: May 24, 2006