Indiana Statutes
§ 32-18-3-2 — Resale of property; liability for amount above bid at previous sale
Indiana·Title 32 PROPERTY·Art. 18 INTERESTS OF CREDITORS IN PROPERTY·Ch. 3 Resale of Insolvent Debtors' Real Estate
If on resale of the real estate, or any part of the
real estate, the real estate sells for ten percent (10%) more than the
amount bid at the previous sale, the court may not confirm the sale but
order the real estate resold. If on resale the additional sum is not
realized, the person posting the bond is liable for the difference. It is
the duty of the receiver, assignee, or trustee to institute and prosecute
the suit, which is for the use and benefit of the trust.
[Pre-2002 Recodification Citation: 32-12-3-1 part.]
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Legislative History
As added by P.L.2-2002, SEC.3.
Nearby Sections
15
§ 32-16-1-1
"Prior property law"§ 32-16-1-2
Purpose of recodification§ 32-16-1-3
Statutory construction of recodification§ 32-16-1-4
Effect of recodification§ 32-16-1-5
Recodification of prior property law§ 32-16-1-6
References to repealed statutes§ 32-16-1-7
References to citations§ 32-16-1-8
References to prior rules§ 32-16-1-9
References to prior property law§ 32-17-1-1
"Grantor"§ 32-17-1-2
Fee simple conveyance§ 32-17-1-3
Estates tail; abolition§ 32-17-1-4
Lineal and collateral warranties; abolition§ 32-17-10-1
Application of chapter