Indiana Statutes
§ 26-3-8-15 — Sale of personal property at physical location or through Internet; owner as buyer; proceeds of sale
(a)Any sale of the personal property under
this chapter shall be held:
(1)at the self-service storage facility or, if that facility is not a
suitable place for a sale, at the suitable place nearest to where the
property is held or stored; or
(2)through a publicly accessible Internet web site.
(b)The owner may buy the personal property at any sale under this
chapter.
(c)An owner may satisfy the owner's lien from the proceeds of a
sale under this chapter. If the proceeds of a sale under this chapter
exceed the amount of the owner's lien, the owner shall hold the balance
for delivery, upon demand, to the renter. If the renter does not claim the
balance of the proceeds within one (1) year after the sale, the balance
shall be treated as unclaimed property under IC 32-34-1.5.
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Legislative History
As added by P.L.265-1987, SEC.1. Amended by P.L.31-1995,
SEC.6; P.L.2-2002, SEC.81; P.L.144-2014, SEC.7; P.L.141-2021,
SEC.12.
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Repealed§ 26-1-1-106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