Indiana Code 28-7-5-33. Lien

Sec. 33. A pawnbroker has a first lien on all pledges for the amount of his loan, interest, and charges except:

(1) when the property that constitutes the pledge is stolen (IC 35-43-4-2) or converted (IC 35-43-4-3) property; or

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Lien: A claim against real or personal property in satisfaction of a debt.
Pawnbroker: means any person, partnership, association, limited liability company, or corporation that engages in the pawn business. See Indiana Code 28-7-5-2
Pledge: means personal property deposited with a pawnbroker as security for a loan. See Indiana Code 28-7-5-2
Property: includes personal and real property. See Indiana Code 1-1-4-5
Statute: A law passed by a legislature.

(2) where a prior lien exists under another statute.

Formerly: Acts 1935, c.195, s.32. As amended by P.L.272-1983, SEC.2.