Extent of lien; leased or mortgaged land
Sec. 2. (a) The entire land upon which the building, erection, or
other improvement is situated, including the part of the land not
occupied by the building, erection, or improvement, is subject to a
lien to the extent of the right, title, and interest of the owner for
whose immediate use or benefit the labor was done or material
furnished.
(b) If:
(1) the owner has only a leasehold interest; or
(2) the land is encumbered by mortgage;
the lien, so far as concerns the buildings erected by the lienholder, is
not impaired by forfeiture of the lease for rent or foreclosure of
mortgage. The buildings may be sold to satisfy the lien and may be
removed not later than ninety (90) days after the sale by the
purchaser.
As added by P.L.2-2002, SEC.13.
Last modified: May 24, 2006