Indiana Code 34-55-3-4. Goods and chattels pledged, assigned, or mortgaged
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Terms Used In Indiana Code 34-55-3-4
- Contract: A legal written agreement that becomes binding when signed.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Sec. 4. Goods and chattels pledged, assigned, or mortgaged as security for any debt or contract may be levied upon and sold on execution against the person making the pledge, assignment, or mortgage. The purchaser is entitled to the possession upon complying with the conditions of the pledge, assignment, or mortgage.
[Pre-1998 Recodification Citation: 34-1-36-4.]
As added by P.L.1-1998, SEC.51.