Indiana § 32-33-9-3 Proceeds of sale; disposition

Indiana Statutes

§ 32-33-9-3 — Proceeds of sale; disposition

Indiana·Title 32 PROPERTY·Art. 33 LIENS ON PERSONAL PROPERTY·Ch. 9 Mechanic's and Tradesman's Liens

(a)The proceeds of a sale that takes place under section 1 of this chapter, after payment of charges for construction or repair and for giving notice by registered or certified mail, shall be:

(1)returned to the entrusting person or owner if the identity and mailing address of the entrusting person or owner are known; or

(2)deposited with the treasurer of the county in which the construction or repair work was performed.

(b)If the entrusting person or owner does not:

(1)claim the article within the thirty (30) days before the date of the sale;

(2)pay for the construction, alteration, or repair; and

(3)provide reimbursement for the expenses of notification; the mechanic or tradesman may proceed with the sale according to the terms of the notice. [Pre-2002 Recodification Citation: 32-

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(a) The proceeds of a sale that takes place
under section 1 of this chapter, after payment of charges for
construction or repair and for giving notice by registered or certified
mail, shall be:
(1) returned to the entrusting person or owner if the identity and
mailing address of the entrusting person or owner are known; or
(2) deposited with the treasurer of the county in which the
construction or repair work was performed.
(b) If the entrusting person or owner does not:
(1) claim the article within the thirty (30) days before the date of
the sale;
(2) pay for the construction, alteration, or repair; and
(3) provide reimbursement for the expenses of notification;
the mechanic or tradesman may proceed with the sale according to the
terms of the notice.
[Pre-2002 Recodification Citation: 32-8-30-3.]

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