Indiana Code 24-4-17-10. Trust property exempt from claims against the retail merchant
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Terms Used In Indiana Code 24-4-17-10
- claim: means a right to payment, whether or not the right is reduced to judgment, liquidated, fixed, matured, disputed, secured, legal, or equitable. See Indiana Code 24-4-17-3
- creditor: means a person who has a claim. See Indiana Code 24-4-17-5
- Lien: A claim against real or personal property in satisfaction of a debt.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- retail merchant: means a retail merchant making a retail transaction as described in Indiana Code 24-4-17-7
Sec. 10. Trust property under section 8 or 9 of this chapter is not subject to a claim, lien, or security interest of a creditor of the retail merchant.
As added by P.L.85-2009, SEC.2. Amended by P.L.1-2010, SEC.96.