Sec. 9. (a) As used in this section, "lien" refers to a mortgage, pledge, security interest, or other lien.
(b) When any real or personal property subject to a lien is specifically devised, the devisee shall take the devised property subject to the lien unless the will provides expressly or by necessary implication that the lien be otherwise paid. If the holder of a lien receives payment on a claim based upon the obligation secured by the lien, the devise which was subject to the lien shall be charged with the reimbursement to the estate of the amount of the payment for the benefit of the distributees entitled to the devise, unless the will provides expressly or by necessary implication that the payment be charged against the residue of the estate.
(c) For purposes of this section, a general directive in a will to pay debts does not imply an intent that a devise of property subject to a lien be distributed free from the lien.
Formerly: Acts 1953, c.112, s.1709. As amended by P.L.51-2014, SEC.6.
Structure Indiana Code
Chapter 17. Distribution and Discharge
29-1-17-2. Final Accounts; Decree of Final Distribution
29-1-17-3. Abatement of Distributee Shares
29-1-17-4. Abatement of Distributee Shares; Contribution by Legatees and Devisees
29-1-17-6. Indebtedness of Distributee; Offset
29-1-17-7. Income Received During Administration
29-1-17-8. General Legacies; Interest
29-1-17-9. Specific Devise; Liens
29-1-17-11. Undivided Interests; Distribution, Partition
29-1-17-12. Unclaimed Estate Assets; Disposition Procedures; Escheat; Time Limit; Exceptions
29-1-17-13. Supplemental Reports; Discharge; Limitation of Actions
29-1-17-13.5. Distribution of Assets From Certain Solvent Supervised Estates
29-1-17-15.1. Petition to Determine Heirs of Estate; Contents; Notice; Hearing; Decree