Proceeds of sale to pay service or storage charges
Sec. 4. The person, firm, partnership, limited liability company,
or corporation to whom the charges are payable shall:
(1) from the proceeds of sale, deduct the charges due plus the
costs of notifying the owner;
(2) hold the over-plus, if any, subject to the order of the owner;
(3) immediately after the sale mail to the owner at the owner's
address, if known, a notice of the sale and the amount of
over-plus, if any, due the owner; and
(4) at any time within twelve (12) months after the sale, upon
demand by the owner, pay to the owner the sums or over-plus.
As added by P.L.2-2002, SEC.18.
Last modified: May 24, 2006