Sec. 8. If an end user has not been paid the amount due within ninety (90) days after the date the notice is received by the customer as provided in section 7 of this chapter, the end user may sell the special tool at a public auction if:

(1) the special tool is still in the end user’s possession; and

Terms Used In Indiana Code 32-33-20-8

  • customer: means a person who:

    Indiana Code 32-33-20-1

  • end user: means a person who uses a special tool as part of the person's manufacturing process. See Indiana Code 32-33-20-2
  • special tool: means tools, dies, jigs, gauges, gauging fixtures, special machinery, cutting tools, injection molds, or metal castings used in the design, development, manufacture, assembly or fabrication of parts. See Indiana Code 32-33-20-3
(2) the end user complies with section 9 of this chapter.

As added by P.L.73-2009, SEC.4.

  Previous section
Next section  
 Chapter 20 Contents