Indiana § 26-2-2-2 Restriction on mortgagee's right of possession

Indiana Statutes

§ 26-2-2-2 — Restriction on mortgagee's right of possession

Indiana § 26-2-2-2

Title 26COMMERCIAL LAW

Art. 2COMMERCIAL TRANSACTIONS

Ch. 2Mortgage of Household Goods

This text of Indiana § 26-2-2-2 (Restriction on mortgagee's right of possession) 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 § 26-2-2-2 (2026).

Text

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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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.