Ind. Code § 32-33-3-4

Current through P.L. 171-2024

Section 32-33-3-4 - Proceeds of sale to pay service or storage charges

The person, firm, partnership, limited liability company, or corporation to whom the charges are payable shall:

(1) from the proceeds of sale, deduct the charges due plus the costs of notifying the owner;

(2) hold the over-plus, if any, subject to the order of the owner;

(3) immediately after the sale mail to the owner at the owner's address, if known, a notice of the sale and the amount of over-plus, if any, due the owner; and

(4) at any time within twelve (12) months after the sale, upon demand by the owner, pay to the owner the sums or over-plus.

IC 32-33-3-4

Pre-2002 Recodification Citation: 32-8-23-4.

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