Sec. 11. (a) A special tool builder has an unperfected purchase money security interest under IC 26-1-9.1 on a special tool that the special tool builder fabricates, repairs, or modifies.
(b) The amount of the lien is the amount that a customer or end user owes the special tool builder for the fabrication, repair, or modification of the special tool.
(c) A special tool builder may perfect its purchase money security interest in a special tool by filing a financing statement in accordance with IC 26-1-9.1-317(e).
As added by P.L.73-2009, SEC.4.
Structure Indiana Code
Article 33. Liens on Personal Property
Chapter 20. Special Tool Liens
32-33-20-4. "Special Tool Builder"
32-33-20-5. Transfer of Rights, Title, and Interest in a Special Tool to an End User
32-33-20-6. End User Lien on a Special Tool
32-33-20-7. Notice to Customer of End User Lien
32-33-20-8. Sale of Special Tool at Public Auction
32-33-20-9. Notice to Customer of Special Tool Sale
32-33-20-10. Proceeds of Special Tool Sale
32-33-20-11. Special Tool Builder Security Interest on a Special Tool
32-33-20-12. Enforcement of Special Tool Builder Lien
32-33-20-13. Special Tool Builder Right to Possession of a Special Tool
32-33-20-14. Notice by Special Tool Builder; Sale of a Special Tool