Sale of property; notice
Sec. 2. (a) If goods, wares, or merchandise have remained in the
possession of a person, firm, limited liability company, or
corporation described in section 1 of this chapter for a period of at
least six (6) months without the payment of the charges due, the
goods, wares, or merchandise, or as much of the goods, wares, or
merchandise as is necessary, may be sold at public auction to pay the
amount of the lien and the expenses of the sale.
(b) Before a sale under subsection (a), the person, firm, limited
liability company, or corporation described in section 1 of this
chapter must give public notice of the time and place of the sale by
advertisements set up for a period of ten (10) days in three (3) public
places in the city or township in which the goods, wares, or
merchandise are located. One (1) of the advertisements must be:
(1) displayed in a conspicuous part of the place of business of
the person, firm, limited liability company, or corporation; or
(2) if the value of the article or articles is at least ten dollars
($10), published for three (3) weeks successively in a
newspaper published in the county or city in which the goods
are located.
(c) The notice given under subsection (b) must:
(1) state the time, place, and date of sale;
(2) give a general description of the goods to be sold; and
(3) state the name of the person to whom a receipt for the goods
was issued.
As added by P.L.2-2002, SEC.18.
Last modified: May 24, 2006