Indiana § 25-6.1-8-7 Limitation of actions; notice of commencement of action

Indiana Statutes

§ 25-6.1-8-7 — Limitation of actions; notice of commencement of action

Indiana § 25-6.1-8-7

Title 25PROFESSIONS AND OCCUPATIONS

Art. 6.1AUCTIONEERS AND AUCTIONS

Ch. 8Auctioneer Recovery Fund

This text of Indiana § 25-6.1-8-7 (Limitation of actions; notice of commencement of action) 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 § 25-6.1-8-7 (2026).

Text

An order for payment from the auctioneer
recovery fund may not be issued unless the action to recover from the
auctioneer recovery fund was commenced within one (1) year after the
termination of all proceedings against the licensee for failure to meet
the obligations of a licensee under this article and the rules adopted
under this article, including appeals and proceedings supplemental to
judgment. When any person commences an action for a judgment that
may result in an order for payment from the fund, the person shall
notify the commission in writing of the commencement of the action.

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An order for payment from the auctioneer
recovery fund may not be issued unless the action to recover from the
auctioneer recovery fund was commenced within one (1) year after the
termination of all proceedings against the licensee for failure to meet
the obligations of a licensee under this article and the rules adopted
under this article, including appeals and proceedings supplemental to
judgment. When any person commences an action for a judgment that
may result in an order for payment from the fund, the person shall
notify the commission in writing of the commencement of the action.