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.