Satisfaction or release of judgments; recording
Sec. 1. (a) This section applies to every endorsement of payment,
satisfaction, or release, in whole or in part, that is noted:
(1) on the record or margin of any judgment or decree; or
(2) on an execution or order of sale issued on a judgment and
signed by the:
(A) judgment plaintiff;
(B) judgment plaintiff's attorney of record or attorney in
fact; or
(C) assignee of the judgment plaintiff (whose assignment is
noted on or annexed to the record of the judgment or decree
and attested by the clerk);
(3) on the record of the judgment or decree; or
(4) by the sheriff upon the execution or order of sale.
(b) An endorsement of payment, satisfaction, or release described
in subsection (a) operates as a satisfaction or release of the judgment
or decree, or of the part of the judgment or decree so endorsed as
paid, satisfied, or released, in favor of subsequent purchasers or
lienholders in good faith.
(c) When the satisfaction, payment, or release is entered by an
attorney in fact, that fact shall be noted on the margin of the record
or the execution.
(d) The power of attorney described in subsection (c) shall be
recorded in the miscellaneous records of the recorder's office.
As added by P.L.1-1998, SEC.50.
Last modified: May 24, 2006