24-4-17-8. Trust Property; Retail Merchant as Trustee; Exceptions; Liability
Sec. 8. (a) When a person delivers an item to a retail merchant for the purpose of: (1) sale; (2) exhibition; or (3) sale and exhibition; for a commission, the delivery to and acceptance of the item by the retail merchant places the item on consignment, unless the delivery is under an outright sale for […]
24-4-17-9. Funds From Sale of Item on Consignment as Trust Funds
Sec. 9. (a) If an item is trust property under section 8 of this chapter when a retail merchant initially receives it, the item remains trust property until the balance due the consignor from the sale of the item is paid in full, even if the retail merchant directly or indirectly purchases the item for […]