Sec. 17. (a) Except as provided in subsection (d), upon the filing of an account or report, the
clerk of the court in which the receivership is pending shall give notice of the date on which the account or report is to be heard and determined by the court.
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Terms Used In Indiana Code 32-30-5-17
- Clerk: means the clerk of the court or a person authorized to perform the clerk's duties. See Indiana Code 1-1-4-5
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(c) The date in the notice on which the account or report is to be heard and determined by the court shall be fixed not less than thirty (30) days after the date of the filing of the account or report.
(d) Publication is not required under this section if the receivership is ancillary to a mortgage foreclosure.
[Pre-2002 Recodification Citation: 34-48-4-4.]
As added by P.L.2-2002, SEC.15.
