CHAPTER 13. PURCHASE OF PROPERTY SUBJECT TO JUDGMENT
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 propertyby reason of any defect in the proceedings or want of title, thepurchaser may be subrogated to the rights of the creditor against thedebtor, to the extent of the money paid and applied to the debtor'sbenefit.
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, byreason of a sale referred to in section 1 of this chapter, the purchaser,upon notice to the parties to the proceeding and upon motion, mayhave 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 thischapter, if the proceedings are defective or the description of theproperty sold is imperfect, also has a lien to the same extent on theproperty sold as against all persons except bona fide purchaserswithout 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 creditorto refund the purchase money by reason of the invalidity of any sale.
As added by P.L.2-2002, SEC.15.