Effect of Relief Granted on Prior Transactions

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Sec. 3. Relief granted under this chapter does not affect a contract, a sale, an encumbrance, or a lease that:

(1) was consummated before the granting of the relief; and

(2) involved a bona fide purchaser, an encumbrancer, or a tenant who did not have actual notice of the filing of a complaint or a civil action under this article.

As added by P.L.66-1990, SEC.2.


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