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Terms Used In Indiana Code 28-7-5-34

  • 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
   Sec. 34. A pawnbroker shall not be required to deliver a pledge except upon surrender of the ticket, unless the ticket be impounded or its negotiation enjoined by a court.

Formerly: Acts 1935, c.195, s.33. As amended by P.L.263-1985, SEC.195; P.L.14-1992, SEC.155.