Expiration of lien; limitation of actions
Sec. 5. Notwithstanding any other Indiana statute:
(1) the lien of a series mortgage expires ten (10) years after the
final maturity date of the series mortgage; and
(2) an action may not be commenced in an Indiana court to
enforce or to foreclose the lien of a series mortgage more than
ten (10) years after the final maturity date of the series
mortgage.
As added by P.L.2-2002, SEC.14.
Last modified: May 24, 2006