Indiana Statutes
§ 26-2-2-1 — Mortgagee's power of sale proscribed; judicial sale
No mortgage of household goods which may be
executed after March 8, 1897, shall authorize the mortgagee to sell
such mortgaged property, and any provision in any such mortgage
giving the mortgagee the power of sale shall be void. But every sale of
household goods to satisfy a mortgage thereon shall be under a judicial
proceeding, in which such mortgage shall be foreclosed in the circuit
or superior court.
Formerly: Acts 1897, c.176, s.1. As amended by P.L.152-1986,
SEC.301.
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Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
Severability