Sec. 2.1. If the total amount in the auctioneer recovery fund (including principal and interest) exceeds five hundred fifty thousand dollars ($550,000) at the end of a state fiscal year after the payment of all claims and expenses, the amount in excess of five hundred fifty thousand dollars ($550,000) reverts to the state general fund.
As added by P.L.143-1990, SEC.3.
Structure Indiana Code
Title 25. Professions and Occupations
Article 6.1. Auctioneers and Auctions
Chapter 8. Auctioneer Recovery Fund
25-6.1-8-1. Establishment of Fund; Administration; Investments
25-6.1-8-2. Surcharge; Formula; Assessment
25-6.1-8-2.1. Reversion of Excess Funds
25-6.1-8-3. Interest Credited; Payment of Expenses
25-6.1-8-4. Claims Against Fund; Applications; Amount of Loss; Limitation on Recovery
25-6.1-8-6. Agents for Service of Process
25-6.1-8-7. Limitation of Actions; Notice of Commencement of Action
25-6.1-8-8. Commission as Defendant; Hearings; Order of Payment of Claim
25-6.1-8-10. Suspension of Judgment Debtor's License; Repayment by Licensee; Interest
25-6.1-8-12. Expenditure of Interest
25-6.1-8-13. Attorney General; Assistance to Commission; Expenses