Liens

Sec. 13. The lien of the pledge or mortgage, to the extent of the lien, as: (1) determined and provided by the board of trustees; and (2) authorized under this chapter; is a first and primary lien for the payment of the bonds secured and the interest on the bonds. [Pre-2007 Higher Education Recodification Citation: 20-12-7-2(b).] As added by P.L.2-2007, SEC.276.