Sec. 7. (a) If the:
(1) purchaser;
(2) purchaser's successors or assigns; or
(3) purchaser of the certificate of sale under IC 6-1.1-24;
fails to file the petition within the period provided in section 4.6 of this chapter, that person's lien against the real property terminates at the end of that period. However, this section does not apply if the state or a political subdivision is the holder of the certificate of sale.
(b) If the notice under section 4.5 of this chapter is not given within the period specified in section 4.5(a)(3) or 4.5(c)(3) of this chapter, the lien of the:
(1) purchaser of the property; or
(2) purchaser of the certificate of sale under IC 6-1.1-24;
against the real property terminates at the end of that period.
[Pre-1975 Property Tax Recodification Citation: 6-1-57-6.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.87-1987, SEC.9; P.L.61-1991, SEC.4; P.L.37-1992, SEC.5; P.L.39-1994, SEC.19; P.L.31-1994, SEC.7; P.L.2-1995, SEC.28; P.L.124-1998, SEC.9; P.L.139-2001, SEC.19; P.L.170-2003, SEC.13; P.L.251-2015, SEC.25.
Structure Indiana Code
6-1.1-25-0.5. Limited Applicability of Chapter to Vacant and Abandoned Property
6-1.1-25-1. Redemption of Property; Conveyance During Redemption Period
6-1.1-25-2. Amount Required for Redemption
6-1.1-25-2.5. Petition to Establish Schedule of Fees and Costs; Reimbursement
6-1.1-25-3. Redemption Warrant
6-1.1-25-4. Period for Redemption; Issuance of Tax Deed
6-1.1-25-4.8. Property Not Offered for Sale at Tax Sale; Notice
6-1.1-25-7. Termination of Purchaser's Lien
6-1.1-25-10. Invalid Sale; Effect
6-1.1-25-14. Quieting Title; Parties to Action
6-1.1-25-16. Defeating Title Conveyed by Tax Deed; Proof Required
6-1.1-25-19. Acquisition of Tax Delinquent Land by State for Conservation