There is a newer version
of
this Section
2020 Indiana Code
Title 34. Civil Law and Procedure
Article 55. Execution of Judgments
Chapter 6. Sale of Property on Execution
34-55-6-19. Failure of Purchaser to Pay for Property; Resale of Property; Damages
Universal Citation: IN Code § 34-55-6-19 (2020)
Sec. 19. (a) As an alternative to the procedure set forth in section 18 of this chapter, the sheriff may reexpose and sell the property on the same or any subsequent day according to law. If the amount bid at the second sale does not equal the amount bid at the first sale and the costs of the second sale, the first purchaser is liable for:
(1) the deficiency;
(2) damages not exceeding ten percent (10%);
(3) interest; and
(4) costs;
to be recovered by a like notice and motion as provided in section 18 of this chapter.
(b) If the sheriff sells on a subsequent day, the sheriff shall readvertise as in other cases.
[Pre-1998 Recodification Citation: 34-1-39-15.]
As added by P.L.1-1998, SEC.51.
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.
