§ 32-33-10.5-8 — Recovery of judgment; payment of proceeds; attorney's fees

Indiana § 32-33-10.5-8

• Jurisdiction: Indiana
• Title 32: PROPERTY
• Art. 33: LIENS ON PERSONAL PROPERTY
• Ch. 10.5: Abandoned or Derelict Aircraft

Text

(a) This section applies if a complaint is
filed under section 7 of this chapter and the plaintiff recovers:
(1) a judgment in any sum; or
(2) a judgment:
(A) declaring that an aircraft is abandoned or derelict; and
(B) authorizing the disposal of the aircraft by means of a public
auction and removal of the aircraft from the premises of a
public-use airport or of a fixed-base operator.
(b) Any net proceeds resulting from the sale or disposal of an
aircraft under this chapter shall be paid to:
(1) the owner of the aircraft and any other person having a legal
or equitable interest in the aircraft, in proportion to each person's
legal or equitable interest in the aircraft; or
(2) if the owner of the aircraft or any other person having a legal
or equitable interest in the aircraft cannot be found, to the attorney
general as unclaimed property under IC 32-34-1.5.
(c) In an action brought under section 7 of this chapter, the plaintiff
may also recover as part of the judgment in the action reasonable
attorney's fees incurred by the plaintiff in bringing and prosecuting the
action.

Legislative History

As added by P.L.172-2019, SEC.2. Amended by P.L.141-2021, SEC.18.