Sec. 15. Property upon which any lien or other encumbrance exists may not be acquired under this chapter unless, at the time the property is acquired, a sufficient sum of money is deposited in trust to pay and redeem the lien or encumbrance in full.
[Pre-Local Government Recodification Citation: 19-2-5-9.]As added by Acts 1981, P.L.309, SEC.96.