Liens

Sec. 14. The lien of the pledge or mortgage, to the extent of the lien: (1) as determined and provided by the board of trustees; and (2) as authorized under this chapter; is a first and primary lien for the payment of the bonds and the interest on the bonds. [Pre-2007 Higher Education Recodification Citation: 20-12-8-2(b).] As added by P.L.2-2007, SEC.276.