§ 32-33-13-2 — Notice; sale of property

Indiana § 32-33-13-2

• Jurisdiction: Indiana
• Title 32: PROPERTY
• Art. 33: LIENS ON PERSONAL PROPERTY
• Ch. 13: Watchmaker and Jeweler Liens

Text

(a) A lien provided for in section 1 of this
chapter includes the value or agreed price, if any, of all materials
furnished by the bailees for hire in connection with the work, whether
added to the article or otherwise.
(b) If the account remains unpaid for one hundred twenty (120) days
after completing the work, the bailees for hire may give written notice
to the owner, specifying the amount due and informing the owner that:
(1) the payment of the amount within thirty (30) days will entitle
the owner to redeem the property;
(2) if the property is not redeemed within the thirty (30) day
period, the bailee for hire may give a second and similar notice;
and
(3) if the owner does not redeem the property not later than fifteen
(15) days after the second notice is given, the bailee for hire may
sell the article at a bona fide public or private sale to satisfy the
account.
(c) The proceeds of a sale under subsection (b), after paying the
expenses of the sale, shall be applied in liquidation of the indebtedness
secured by the lien and the balance, if any, shall be paid over to the
owner.
(d) The notice under subsection (b) may:
(1) be served by mail directed to the owner's last known address;
or
(2) be posted in two (2) public places in the town or city where
the property is located, if the owner or the owner's address is not
known. The notice must be written or printed.
[Pre-2002 Recodification Citation: 32-8-34-1 part.]

Legislative History

As added by P.L.2-2002, SEC.18.