Indiana Statutes
§ 30-2-7-5 — Determination of value by secured creditor
Indiana § 30-2-7-5
JurisdictionIndiana
Art. 2GENERAL PROVISIONS
Ch. 7Uniform Act Governing Secured Creditors' Dividends in
This text of Indiana § 30-2-7-5 (Determination of value by secured creditor) 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 § 30-2-7-5 (2026).
Text
(1)By collection. When the asset constituting
the security is an obligation for the payment of money, the secured
creditor may determine its value by collection or by exhausting his
remedies thereon and then surrendering the obligation to the liquidator.
(2)By creditor's sale. When the asset constituting the security is
something other than an obligation for the payment of money, the
secured creditor may determine its value by creditor's sale.
Formerly: Acts 1941, c.50, s.5.
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Nearby Sections
15
§ 30-1-2-1
Stocks; bonds; securities§ 30-1-2-2
Securities not listed; terms§ 30-1-4-1
Eligible investments§ 30-1-5-1
Securities; insurance§ 30-1-6-3
Bidding; report; hearing; endorsement§ 30-1-6-5
Acts conclusive; disaffirmance denied§ 30-1-7-2
Petition to execute options; prospectus§ 30-1-7-3
Hearing; order of court§ 30-1-7-4
Binding and conclusive; disaffirmance§ 30-1-8-1
DefinitionsCite This Page — Counsel Stack
Bluebook (online)
Indiana § 30-2-7-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/30-2-7-5.