Expiration of lien; limitation of actions

Sec. 5. Notwithstanding any other Indiana statute: (1) the lien of a series mortgage expires ten (10) years after the final maturity date of the series mortgage; and (2) an action may not be commenced in an Indiana court to enforce or to foreclose the lien of a series mortgage more than ten (10) years after the final maturity date of the series mortgage. [Pre-2002 Recodification Citation: 32-8-19-2.] As added by P.L.2-2002, SEC.14.