Indiana § 32-18-2-13 - Value; when given; default under mortgage, deed of trust, or security agreement
Full text of Indiana Indiana Code § 32-18-2-13 — Value; when given; default under mortgage, deed of trust, or security agreement, with citation guidance and answers to common questions.
§ 32-18-2-13. Value; when given; default under mortgage, deed of trust, or security agreement
Sec. 13. (a) Value is given for a transfer or an obligation if, in exchange for the transfer or obligation, property is transferred or an antecedent debt is secured or satisfied. Value does not include an unperformed promise made otherwise than in the ordinary course of the promisor's business to furnish support to the debtor or another person.
(b) For purposes of sections 14(a)(2) and 15 of this chapter, a person gives a reasonably equivalent value if the person acquires an interest of the debtor in an asset through a regularly conducted, noncollusive foreclosure sale or execution of a power of sale for the acquisition or disposition of the interest of the debtor upon default under a mortgage, deed of trust, or security agreement.
[Pre-2002 Recodification Citation: 32-2-7-13.]
As added by P.L.2-2002, SEC.3. Amended by P.L.61-2017, SEC.12.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 32-18-2-13
What does Indiana Code § 32-18-2-13 cover?
Section 32-18-2-13 ("Value; when given; default under mortgage, deed of trust, or security agreement") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 32-18-2-13?
A common citation format is "Indiana Code § 32-18-2-13" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 32-18-2-13 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.