Indiana § 32-29-7-4.7 - Sheriff's sale; foreign business association; eligibility
Full text of Indiana Indiana Code § 32-29-7-4.7 — Sheriff's sale; foreign business association; eligibility, with citation guidance and answers to common questions.
§ 32-29-7-4.7. Sheriff's sale; foreign business association; eligibility
Sec. 4.7. (a) This section does not apply to a party foreclosing on a mortgage executed on a tract offered for sale under this chapter.
(b) As used in this section, "foreign business association" means a corporation, professional corporation, nonprofit corporation, limited liability company, partnership, or limited partnership that is organized under the laws of another state or country.
(c) A foreign business association that:
(1) has not obtained a certificate of authority from, or registered with, the secretary of state in accordance with the procedures described in IC 23, as applicable; or
(2) has obtained a certificate of authority from, or registered with, the secretary of state in accordance with the procedures described in IC 23, as applicable, but is not in good standing in Indiana as determined by the secretary of state;
may not purchase a tract offered for sale under section 4 of this chapter.
As added by P.L.112-2022, SEC.4.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 32-29-7-4.7
What does Indiana Code § 32-29-7-4.7 cover?
Section 32-29-7-4.7 ("Sheriff's sale; foreign business association; eligibility") 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 § 32-29-7-4.7?
A common citation format is "Indiana Code § 32-29-7-4.7" (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 § 32-29-7-4.7 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.