Indiana Code 32-33-13-2. Notice; sale of property
(b) If the account remains unpaid for one hundred twenty (120) days after completing the work, the bailees for hire may give written notice to the owner, specifying the amount due and informing the owner that:
Terms Used In Indiana Code 32-33-13-2
- 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
(2) if the property is not redeemed within the thirty (30) day period, the bailee for hire may give a second and similar notice; and
(3) if the owner does not redeem the property not later than fifteen (15) days after the second notice is given, the bailee for hire may sell the article at a bona fide public or private sale to satisfy the account.
(c) The proceeds of a sale under subsection (b), after paying the expenses of the sale, shall be applied in liquidation of the indebtedness secured by the lien and the balance, if any, shall be paid over to the owner.
(d) The notice under subsection (b) may:
(1) be served by mail directed to the owner’s last known address; or
(2) be posted in two (2) public places in the town or city where the property is located, if the owner or the owner’s address is not known. The notice must be written or printed.
[Pre-2002 Recodification Citation: 32-8-34-1 part.]
As added by P.L.2-2002, SEC.18.