Sec. 11. (a) In an action to foreclose a lien:
(1) the defendant or owner of the property subject to the lien; or
(2) any person having an interest in the property subject to the lien, including a mortgagee or other lienholder;
may file in the action a written undertaking with surety to be approved by the court.
(b) An undertaking filed under this section must provide that the person filing it will pay any judgment that may be recovered in the action to foreclose the lien, including costs and attorney's fees allowed by the court, if the claim on which the judgment is founded is found by the court to have been a lien on the property at the time the action was filed.
(c) If an undertaking is filed and approved by the court:
(1) the court shall enter an order releasing the property from the lien; and
(2) the property shall be discharged from the lien.
[Pre-2002 Recodification Citation: 32-8-3-11.]
As added by P.L.2-2002, SEC.13.
Structure Indiana Code
Article 28. Liens on Real Property
32-28-3-0.2. Application of Certain Amendments to Prior Law
32-28-3-2. Extent of Lien; Leased or Mortgaged Land
32-28-3-3. Notice of Intention to Hold Lien; Filing
32-28-3-4. Validity of Certain Notices of Intention to Hold Lien
32-28-3-5. Recording Notice; Priority of Lien
32-28-3-6. Enforcement of Lien
32-28-3-7. Sale to Satisfy Lien; Consolidation of Actions
32-28-3-8. Insufficient Proceeds of Sale
32-28-3-9. Subcontractor's, Journeyman's, or Laborer's Liens; Notice; Actions
32-28-3-11. Undertaking to Pay Judgment and Cost
32-28-3-12. Railroads; Labor and Materials; Lien
32-28-3-13. Notice of Intention to Hold Lien
32-28-3-15. Accepting Payment for Labor or Materials Subject to Outstanding Indebtedness
32-28-3-16. Waiver of Right to a Lien Voiding Contract
32-28-3-17. Provision That Contract Subject to Laws of Another State Void
32-28-3-18. Receipt of Payment From Third Person Not Limiting Right to Lien