Ind. Code § 32-33-10.5-8

Current through P.L. 171-2024
Section 32-33-10.5-8 - Recovery of judgment; payment of proceeds; attorney's fees
(a) This section applies if a complaint is filed under section 7 of this chapter and the plaintiff recovers:
(1) a judgment in any sum; or
(2) a judgment:
(A) declaring that an aircraft is abandoned or derelict; and
(B) authorizing the disposal of the aircraft by means of a public auction and removal of the aircraft from the premises of a public-use airport or of a fixed-base operator.
(b) Any net proceeds resulting from the sale or disposal of an aircraft under this chapter shall be paid to:
(1) the owner of the aircraft and any other person having a legal or equitable interest in the aircraft, in proportion to each person's legal or equitable interest in the aircraft; or
(2) if the owner of the aircraft or any other person having a legal or equitable interest in the aircraft cannot be found, to the attorney general as unclaimed property under IC 32-34-1.5.
(c) In an action brought under section 7 of this chapter, the plaintiff may also recover as part of the judgment in the action reasonable attorney's fees incurred by the plaintiff in bringing and prosecuting the action.

IC 32-33-10.5-8

Amended by P.L. 141-2021,SEC. 18, eff. 7/1/2021.
Added by P.L. 172-2019,SEC. 2, eff. 7/1/2019.