Sec. 8. If a boat is sold under this chapter for an amount of money that is greater than the charges owed to the marina operator plus all reasonable expenses of sale, the marina operator shall pay the excess in the following order:
(1) For the satisfaction of obligations held by secured parties with respect to the watercraft, in the order in which security interests in the watercraft were perfected.
(2) To the owner of the watercraft.
[Pre-2002 Recodification Citation: 32-8-40-8.]
As added by P.L.2-2002, SEC.19.
Structure Indiana Code
Article 34. Lost or Unclaimed Personal Property
Chapter 10. Sale of Abandoned Watercraft
32-34-10-0.2. Application of Prior Law
32-34-10-1. "Marina Operator" Defined
32-34-10-2. Sale of Watercraft by Marina Operator; Recovery of Maintenance Costs
32-34-10-3. Six Month Period Before Sale
32-34-10-4. Sale of Watercraft and Recovery of Maintenance Costs; Procedure
32-34-10-6. Affidavit of Sale as Proof of Ownership