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

Indiana § 32-33-9-3

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

Text

(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.]

Legislative History

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