§ 23-20-1-20 — State's lien on victim's recovery; deduction of state's share of court expenses

Indiana § 23-20-1-20

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 20: VICTIMS OF SECURITIES VIOLATIONS
• Ch. 1: Restitution for Victims of Securities Violations

Text

(a) In addition to the subrogation rights
under section 19 of this chapter, the state is entitled to a lien in the
amount of the award on a recovery made by or on behalf of the victim.
(b) The state may:
(1) recover the amount under subsection (a) in a separate action;
or
(2) intervene in an action brought by or on behalf of the victim.
(c) If a claimant brings an action described in subsection (b)(2), the
claimant may deduct from the money owed to the state under the lien
the state's pro rata share of the reasonable expenses for the court suit,
including attorney's fees. The amount the claimant deducts under this
subsection for the state's pro rata share of the expenses may not be
more than fifteen percent (15%) of the money owed under the lien.

Legislative History

As added by P.L.114-2010, SEC.12.