Indiana Statutes

§ 28-7-5-22 — Presumptive right of ticket holder to redeem; compliance with local ordinance or law concerning pledge retention

Indiana § 28-7-5-22
JurisdictionIndiana
Art. 7SPECIALIZED FINANCIAL INSTITUTIONS
Ch. 5Pawnbrokers

This text of Indiana § 28-7-5-22 (Presumptive right of ticket holder to redeem; compliance with local ordinance or law concerning pledge retention) 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 § 28-7-5-22 (2026).

Text

(a)The holder of a ticket described in section 21 of this chapter shall be presumed to be the person entitled to redeem the pledge, and, except as provided in subsection (b), the pawnbroker shall deliver the pledge to the person presenting the ticket, upon payment of principal, interest and charge.
(b)If a local ordinance or other law requires the retention of the pledge for a specific period of time, the pawnbroker shall comply with the local ordinance or other law if the retention period does not exceed ten (10) days. Formerly: Acts 1935, c.195, s.22. As amended by P.L.14-1992, SEC.147; P.L.35-2010, SEC.177.

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Bluebook (online)
Indiana § 28-7-5-22, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/28-7-5-22.