Indiana Code 26-3-8-13. Redemption of personal property
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Terms Used In Indiana Code 26-3-8-13
- Lien: A claim against real or personal property in satisfaction of a debt.
- owner: means :
Indiana Code 26-3-8-6
- Personal property: All property that is not real property.
- personal property: means movable property not affixed to land. See Indiana Code 26-3-8-7
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- renter: means :
Indiana Code 26-3-8-5
Sec. 13. Before any sale or other disposition of the personal property under this chapter, the renter may redeem the personal property by paying the owner an amount sufficient to satisfy the owner’s lien. Upon the payment of this amount, the owner shall immediately return the personal property to the renter. After returning the personal property under this section, the owner has no liability to any person with respect to the personal property.
As added by P.L.265-1987, SEC.1.