Priority of purchaser's lien at subsequent sale
Sec. 12. Whenever real property is sold more than once under this
chapter, the purchaser at the later sale acquires a first and prior lien
on the real property as against the purchaser at the prior sale. The
issuance of a certificate of sale, the execution and delivery of a deed
for the real property to the purchaser at the prior sale, or the
recording of such a deed does not affect the priority established in
this section.
(Formerly: Acts 1975, P.L.47, SEC.1.)
Last modified: May 28, 2006