2015 Indiana Code TITLE 32. PROPERTY ARTICLE 30. CAUSES OF ACTION CONCERNING REAL PROPERTY CHAPTER 13. PURCHASE OF PROPERTY SUBJECT TO JUDGMENT
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IC 32-30-13
Chapter 13. Purchase of Property Subject to Judgment
IC 32-30-13-1
Validity of title
Sec. 1. If, upon the sale of real or personal property of a debtor,
the title of the purchaser is invalid as to all or any part of the property
by reason of any defect in the proceedings or want of title, the
purchaser may be subrogated to the rights of the creditor against the
debtor, to the extent of the money paid and applied to the debtor's
benefit.
As added by P.L.2-2002, SEC.15.
IC 32-30-13-2
Vacation of satisfaction of judgment; notice; motion
Sec. 2. If the judgment is entered satisfied, in whole or in part, by
reason of a sale referred to in section 1 of this chapter, the purchaser,
upon notice to the parties to the proceeding and upon motion, may
have the satisfaction of the judgment vacated in whole or in part.
As added by P.L.2-2002, SEC.15.
IC 32-30-13-3
Lien of subrogated purchaser
Sec. 3. A purchaser of property referred to in section 1 of this
chapter, if the proceedings are defective or the description of the
property sold is imperfect, also has a lien to the same extent on the
property sold as against all persons except bona fide purchasers
without notice.
As added by P.L.2-2002, SEC.15.
IC 32-30-13-4
Statutory construction
Sec. 4. This chapter may not be construed to require the creditor
to refund the purchase money by reason of the invalidity of any sale.
As added by P.L.2-2002, SEC.15.
Indiana Code 2015
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