Indiana Code 32-33-16-7. Disbursement of excess
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Terms Used In Indiana Code 32-33-16-7
- customer: means any individual or entity who contracts with or causes a fabricator to use a die, mold, form, jig, or pattern to manufacture, assemble, or otherwise make a product. See Indiana Code 32-33-16-1
- Lien: A claim against real or personal property in satisfaction of a debt.
Sec. 7. If the sale is for a sum greater than the amount of the lien plus all reasonable expenses of the sale, any excess shall be paid to the customer and any prior lienholder.
[Pre-2002 Recodification Citation: 32-8-37-6.]
As added by P.L.2-2002, SEC.18.