2013 Indiana Code
TITLE 32. PROPERTY
ARTICLE 33. LIENS ON PERSONAL PROPERTY
CHAPTER 15. ELECTRONIC HOME ENTERTAINMENT EQUIPMENT LIEN
Download as PDF
<![CDATA[
IC 32-33-15
Chapter 15. Electronic Home Entertainment Equipment Lien
IC 32-33-15-1
Amount of lien
Sec. 1. A person who engages in the business of altering or
repairing electronic home entertainment equipment has a lien on that
equipment to the extent of the reasonable value of labor performed
and materials used for which the person has not been paid.
As added by P.L.2-2002, SEC.18.
IC 32-33-15-2
Sale of equipment
Sec. 2. If the lienholder has not been paid within sixty (60) days
after payment becomes overdue, the lienholder may sell the
equipment at auction if:
(1) the equipment is still in the lienholder's possession; and
(2) the lienholder complies with section 3 of this chapter.
As added by P.L.2-2002, SEC.18.
IC 32-33-15-3
Notification
Sec. 3. (a) Before a lienholder may sell the equipment, the
lienholder must, by certified mail, return receipt requested, notify the
owner and any person whose security interest is perfected by filing
concerning the following:
(1) The lienholder's intention to sell the equipment thirty (30)
days after the owner's receipt of the notice.
(2) A description of the equipment to be sold.
(3) The time and place of the sale.
(4) An itemized statement describing the value of labor and
materials provided and for which the lienholder has not been
paid.
(b) If upon receipt of the notice the owner informs the lienholder
in writing of the owner's objections regarding the quality of the
workmanship or an alleged overcharge, the lienholder must foreclose
by judicial proceeding.
(c) If there is no return of the receipt or if the postal service
returns the notice as being nondeliverable, the lienholder shall
publish notice of the lienholder's intention to sell the equipment in a
newspaper of general circulation in the place where the equipment
is being held for sale by the lienholder. The notice must include a
description of the equipment and name of its owner.
As added by P.L.2-2002, SEC.18.
IC 32-33-15-4
Excess proceeds from sale
Sec. 4. If the sale is for a sum greater than the amount of the lien,
any excess shall be paid to the owner and any prior lienholder.
As added by P.L.2-2002, SEC.18.
]]>
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
