Indiana § 34-55-6-18 Failure of purchaser to pay for property; damages

Indiana Statutes

§ 34-55-6-18 — Failure of purchaser to pay for property; damages

Indiana·Title 34 CIVIL LAW AND PROCEDURE·Art. 55 EXECUTION OF JUDGMENTS·Ch. 6 Sale of Property on Execution

Whenever the purchaser of property sold on execution fails or refuses to pay the purchase money, the purchaser is liable, on motion made by the sheriff or the execution plaintiff or defendant in the proper court on five (5) days notice, to a judgment for the amount of:

(1)the purchase money;

(2)damages not exceeding ten percent (10%);

(3)interest; and

(4)costs. No stay of execution shall be allowed upon the judgment. [Pre-1998 Recodification Citation: 34-1-39-14.]

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Whenever the purchaser of property sold on
execution fails or refuses to pay the purchase money, the purchaser is
liable, on motion made by the sheriff or the execution plaintiff or
defendant in the proper court on five (5) days notice, to a judgment for
the amount of:
(1) the purchase money;
(2) damages not exceeding ten percent (10%);
(3) interest; and
(4) costs.
No stay of execution shall be allowed upon the judgment.
[Pre-1998 Recodification Citation: 34-1-39-14.]

Indiana § 34-55-6-18 (Failure of purchaser to pay for property; damages) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.