Terms Used In Indiana Code 32-33-9-7

  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
   Sec. 7. A forwarding and commission merchant having a lien upon goods that may have remained in store for at least one (1) year may proceed to advertise and sell at public auction as much of the goods as may be necessary to pay the amount of the lien and expenses, according to the provisions of this chapter.

[Pre-2002 Recodification Citation: 32-8-30-8.]

As added by P.L.2-2002, SEC.18.