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Ind. Code § 27-9-3-20

Liens dissolved by furnishing bond; effect of voidable lien

Indiana · Indiana Code Title 27 — Insurance · Status: effective

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Ind. Code § 27-9-3-20, Liens dissolved by furnishing bond; effect of voidable lien, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1664530
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Sec. 20. If any lien that is voidable under section 16(b) of this chapter has been dissolved by the furnishing of a bond or other obligation, the surety on which has been indemnified directly or indirectly by the transfer of or the creation of a lien upon any property of an insurer before the filing of a petition under IC 27-9 that results in a liquidation order, the indemnifying transfer or lien shall also be considered voidable.