Sec. 5. Notwithstanding any other Indiana statute:
(1) the lien of a series mortgage expires ten (10) years after the final maturity date of the series mortgage; and
(2) an action may not be commenced in an Indiana court to enforce or to foreclose the lien of a series mortgage more than ten (10) years after the final maturity date of the series mortgage.
[Pre-2002 Recodification Citation: 32-8-19-2.]
As added by P.L.2-2002, SEC.14.
Structure Indiana Code
Chapter 10. Ten Year Expiration on Lien of a Series Mortgage
32-29-10-2. "Final Maturity Date of the Series Mortgage"
32-29-10-3. "Original Security Instrument"
32-29-10-4. "Supplemental Indenture"
32-29-10-5. Expiration of Lien; Limitation of Actions