IC 32-28-12-3 — Real estate sale commission claims; filing notice; priority
Chapter 12. Corporate Employees' Liens
Section text
Sec. 3. (a) Notwithstanding section 2 of this chapter, an employee: (1) whose claim is for a commission due upon the conveyance of real estate; and (2) who wishes to acquire a lien on the real estate; may file a notice in the recorder's office of the county in which the real estate is located of the employee's intention to hold a lien on the real estate. (b) A notice filed under this section must: (1) contain the same information required for a mechanic's lien; (2) state that the claim is due upon the conveyance of the real estate; and (3) be filed before the conveyance of the real estate by the corporation. (c) The recorder of any county shall, when notice is presented for recording under this section: (1) record the notice in the record required by law for notice of mechanic's liens; and (2) charge a fee in an amount specified in IC 36-2-7-10(c)(1). (d) The lien created under this section must relate to: (1) the time when the employee was employed by the corporation; or (2) any subsequent date during the employment, at the election of the employee; and has priority over all liens suffered or created after the date, except other employees' liens, over which there is no priority.
As added by P.L.2-2002, SEC.13. Amended by P.L.127-2017, SEC.11.
Source: official publisher (2026 edition)