§ 34-24-1-6 — Public sale of property; publication of notice; proceeds

(a) Where disposition of property is to be made
at a public sale, notice of sale shall be published in accordance with IC 34-55-6.
(b) When property is sold at a public sale under this chapter, the
proceeds shall be distributed in the following order:
(1) First, to the sheriff of the county for all expenditures made or
incurred in connection with the sale, including storage,
transportation, and necessary repair.
(2) Second, to any person:
(A) holding a valid lien, mortgage, land contract, or interest
under a conditional sales contract or the holder of other such
interest; or
(B) who is a co-owner and has an ownership interest;
up to the amount of that person's interest as determined by the
court.
(3) The remainder, if any, shall be transferred by the sheriff to the
appropriate fund as ordered by the court in section 4(d) of this
chapter.
[Pre-1998 Recodification Citation: 34-4-30.1-6.]

Legislative History

As added by P.L.1-1998, SEC.19.