Indiana Statutes
§ 32-33-20-15 — Proceeds of special tool sale
Indiana § 32-33-20-15
This text of Indiana § 32-33-20-15 (Proceeds of special tool sale) 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 § 32-33-20-15 (2026).
Text
(a)The proceeds of a sale of a special tool
under section 13 of this chapter shall be paid as follows:
(1)The proceeds shall be paid first to the prior lienholder who has
a perfected lien in an amount sufficient to satisfy the lienholder's
interest.
(2)Any remainder after payment is made under subdivision (1)
shall be paid to the special tool builder who possesses a lien under
this chapter in an amount sufficient to extinguish that interest.
(3)Any remainder after payment is made under subdivision (2)
shall be paid to the customer.
(b)A sale may not be made or possession may not be obtained
under section 13 of this chapter if the sale or possession would violate
any right a customer or an end user has under federal patent,
bankruptcy, or copyright law.
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Legislative History
As added by P.L.73-2009, SEC.4.
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References to repealed statutes§ 32-16-1-7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 chapterCite This Page — Counsel Stack
Bluebook (online)
Indiana § 32-33-20-15, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/32-33-20-15.