Sec. 5. If the lienholder has not been paid the amount due within sixty (60) days after the notice provided for in section 4 of this chapter, the lienholder may sell the die, mold, form, jig, or pattern at auction if:
(1) the die, mold, form, jig, or pattern is still in the lienholder's possession; and
(2) the lienholder complies with section 6 of this chapter.
[Pre-2002 Recodification Citation: 32-8-37-4.]
As added by P.L.2-2002, SEC.18.
Structure Indiana Code
Article 33. Liens on Personal Property
Chapter 16. Liens on Dies, Molds, Forms, and Patterns
32-33-16-1. "Customer" Defined
32-33-16-2. "Fabricator" Defined
32-33-16-3. Lien; Right to Possession
32-33-16-4. Notice to Enforce Lien
32-33-16-5. Sale of Die, Mold, Form, Jig, or Pattern at Auction
32-33-16-6. Notice to Customer and Persons Having Perfected Security Interests
32-33-16-7. Disbursement of Excess
32-33-16-8. Sales in Violation of Federal Patent or Copyright Law Prohibited