There is a newer version
of
this Section
2017 Indiana Code
TITLE 26. Commercial Law
ARTICLE 2. COMMERCIAL TRANSACTIONS
CHAPTER 2. Mortgage of Household Goods
26-2-2-1. Mortgagee's power of sale proscribed; judicial sale
Universal Citation: IN Code § 26-2-2-1 (2017)
IC 26-2-2-1 Mortgagee's power of sale proscribed; judicial sale
Sec. 1. No mortgage of household goods which may be executed after March 8, 1897, shall authorize the mortgagee to sell such mortgaged property, and any provision in any such mortgage giving the mortgagee the power of sale shall be void. But every sale of household goods to satisfy a mortgage thereon shall be under a judicial proceeding, in which such mortgage shall be foreclosed in the circuit or superior court.
Formerly: Acts 1897, c.176, s.1. As amended by P.L.152-1986, SEC.301.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
