Indiana Code 34-55-6-18. Failure of purchaser to pay for property; damages
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Sec. 18. Whenever the purchaser of property sold on execution fails or refuses to pay the purchase money, the purchaser is liable, on motion made by the sheriff or the execution plaintiff or defendant in the proper court on five (5) days notice, to a judgment for the amount of:
(2) damages not exceeding ten percent (10%);
(1) the purchase money;
Terms Used In Indiana Code 34-55-6-18
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
- Plaintiff: The person who files the complaint in a civil lawsuit.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Sheriff: means the sheriff of the county or another person authorized to perform sheriff's duties. See Indiana Code 1-1-4-5
(3) interest; and
(4) costs.
No stay of execution shall be allowed upon the judgment.
[Pre-1998 Recodification Citation: 34-1-39-14.]
As added by P.L.1-1998, SEC.51.