Indiana Statutes

§ 25-6.1-6-2 — Accounting and paying over

Indiana § 25-6.1-6-2
JurisdictionIndiana
Title 25PROFESSIONS AND OCCUPATIONS
Art. 6.1AUCTIONEERS AND AUCTIONS
Ch. 6Licensee Obligations

This text of Indiana § 25-6.1-6-2 (Accounting and paying over) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ind. Code § 25-6.1-6-2 (2026).

Text

Accounting and Paying Over.

(a)Every licensee, within thirty (30) days after the sale transaction, shall account to, or see to an accounting for, those persons who own or who are acting as consignor of goods or real estate which is the subject of an auction engaged in or conducted by such licensee or upon such licensee's premises.
(b)Every licensee, within thirty (30) days after a sale transaction of goods and within a reasonable time after a real estate sale transaction, shall pay over, or see to the paying over of, all monies and proceeds due to the owner or the consignor of goods or real estate which was the subject of an auction engaged in or conducted by such licensee or upon such licensee's premises. As added by Acts 1977, P.L.270, SEC.1. Amended by Acts 1980, P.L.163, SEC.9.

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Bluebook (online)
Indiana § 25-6.1-6-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/25-6.1-6-2.