Indiana Code
Chapter 1. Restitution for Victims of Securities Violations
23-20-1-20. State's Lien on Victim's Recovery; Deduction of State's Share of Court Expenses

Sec. 20. (a) In addition to the subrogation rights under section 19 of this chapter, the state is entitled to a lien in the amount of the award on a recovery made by or on behalf of the victim.
(b) The state may:
(1) recover the amount under subsection (a) in a separate action; or
(2) intervene in an action brought by or on behalf of the victim.
(c) If a claimant brings an action described in subsection (b)(2), the claimant may deduct from the money owed to the state under the lien the state's pro rata share of the reasonable expenses for the court suit, including attorney's fees. The amount the claimant deducts under this subsection for the state's pro rata share of the expenses may not be more than fifteen percent (15%) of the money owed under the lien.
As added by P.L.114-2010, SEC.12.

Structure Indiana Code

Indiana Code

Title 23. Business and Other Associations

Article 20. Victims of Securities Violations

Chapter 1. Restitution for Victims of Securities Violations

23-20-1-1. "Claimant"

23-20-1-2. "Division"

23-20-1-3. "Fund"

23-20-1-4. "Out-of-Pocket Loss"

23-20-1-5. "Person"

23-20-1-6. "Securities Violation"

23-20-1-7. "Victim"

23-20-1-8. Duties of Division

23-20-1-9. Order Awarding Restitution to Claimant Required

23-20-1-10. Confidentiality of Claimant's Personal Information

23-20-1-11. Persons Eligible for Restitution Assistance

23-20-1-12. Application for Restitution Assistance; Filing With Division

23-20-1-13. Division's Review of Applications; Request for Additional Information

23-20-1-14. Denial of Assistance to Victim Participating in or Profiting From Securities Violation

23-20-1-15. Assistance Limited to One Claimant per Victim

23-20-1-16. Adjudication of Violation Required; Final Order; Failure of Party to Pay

23-20-1-17. Denial of Assistance; Order Not Containing Restitution Award

23-20-1-18. Restitution Award Overturned on Appeal; Denial or Forfeiture of Assistance

23-20-1-19. Subrogation Rights of State

23-20-1-20. State's Lien on Victim's Recovery; Deduction of State's Share of Court Expenses

23-20-1-21. Recovery by Claimant Receiving Assistance; Refund to State of Overpayment

23-20-1-22. Victim's Contribution to Monetary Injury; Consideration in Amount of Assistance; Basis for Denial

23-20-1-23. Limitations on Award

23-20-1-24. Award Not Subject to Execution, Attachment, or Garnishment

23-20-1-25. Securities Restitution Fund; Establishment; Funding Sources

23-20-1-26. Securities Restitution Fund; Funds Continually Appropriated; Purposes

23-20-1-27. Securities Restitution Fund; Funds and Income Nonreverting

23-20-1-28. Securities Restitution Fund; Threshold; Suspension of Payment of Claims; Proration of Claims After Suspension Period

23-20-1-29. State's Liability for Award; Limited to Availability of Money in Fund

23-20-1-30. Claimant Convicted of Forgery, Fraud, or Deception; Forfeiture of Award; Civil Action by Division to Recover Funds

23-20-1-31. False or Misleading Statements; Level 5 Felony

23-20-1-32. Division's Authority to Adopt Rules