Indiana Statutes
§ 26-2-2-2 — Restriction on mortgagee's right of possession
The mortgagee of household goods shall not be
entitled to the possession of the mortgaged property unless the
mortgage specially provides that the mortgagee shall have possession
of the mortgaged property from the time the mortgage is executed until
sale, as provided in this chapter, and the mortgagee takes actual
possession of such property when the mortgage is executed and holds
it continuously until sale. In all other cases, the possession of the
mortgaged property shall remain in the mortgagor until he is divested
of his title by sale, as provided in section 1 of this chapter.
Formerly: Acts 1897, c.176, s.2. As amended by P.L.152-1986,
SEC.302.
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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Repealed§ 26-1-1-106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