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Terms Used In Indiana Code 28-7-5-26

  • 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
  • Pledger: means the person who delivers personal property into the possession of a pawnbroker as security for a loan. See Indiana Code 28-7-5-2
   Sec. 26. The alteration of a ticket shall not excuse the pawnbroker who issued it from liability to deliver the pledge according to the terms of the ticket as originally issued, but shall relieve the pawnbroker of any other liability to the pledger or holder of the ticket.

Formerly: Acts 1935, c.195, s.25a. As amended by P.L.14-1992, SEC.150.