Indiana § 32-33-20-11 Special tool builder security interest on a special tool

Indiana Statutes

§ 32-33-20-11 — Special tool builder security interest on a special tool

Indiana·Title 32 PROPERTY·Art. 33 LIENS ON PERSONAL PROPERTY·Ch. 20 Special Tool Liens

(a)A special tool builder has an unperfected purchase money security interest under IC 26-1-9.1 on a special tool that the special tool builder fabricates, repairs, or modifies.

(b)The amount of the lien is the amount that a customer or end user owes the special tool builder for the fabrication, repair, or modification of the special tool.

(c)A special tool builder may perfect its purchase money security interest in a special tool by filing a financing statement in accordance with IC 26-1-9.1-317(e).

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(a) A special tool builder has an
unperfected purchase money security interest under IC 26-1-9.1 on a
special tool that the special tool builder fabricates, repairs, or modifies.
(b) The amount of the lien is the amount that a customer or end user
owes the special tool builder for the fabrication, repair, or modification
of the special tool.
(c) A special tool builder may perfect its purchase money security
interest in a special tool by filing a financing statement in accordance
with IC 26-1-9.1-317(e).

Indiana § 32-33-20-11 (Special tool builder security interest on a special tool) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.