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

Indiana Statutes

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

Indiana·Art. 7 SPECIALIZED FINANCIAL INSTITUTIONS·Ch. 5 Pawnbrokers

(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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(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.

Indiana § 28-7-5-22 (Presumptive right of ticket holder to redeem; compliance with local ordinance or law concerning pledge retention) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.