Sec. 1. As used in this chapter, “customer” means a person who: (1) causes a special tool builder to design, develop, manufacture, assemble for sale, or otherwise make a special tool; or (2) causes an end user to use a special tool. As added by P.L.73-2009, SEC.4.
Sec. 10. (a) The proceeds of a sale of a special tool under section 8 of this chapter shall be paid as follows: (1) The proceeds shall be paid first to the prior lienholder who has a perfected lien in an amount sufficient to satisfy the lienholder’s interest. (2) Any remainder after payment is made […]
Sec. 11. (a) A special tool builder has an unperfected purchase money security interest under IC 26-1-9.1 on a special tool that the special tool builder fabricates, repairs, or modifies. (b) The amount of the lien is the amount that a customer or end user owes the special tool builder for the fabrication, repair, or […]
Sec. 12. To enforce a lien that attaches under section 11 of this chapter, a special tool builder must give notice of the lien in writing to the customer and the end user. The notice must: (1) be delivered personally or by certified mail, return receipt requested, to the last known address of the customer […]
Sec. 13. (a) Subject to section 14 of this chapter, if a special tool builder has not been paid the amount claimed in the notice required under section 12 of this chapter within ninety (90) days after the date the notice required under section 12 of this chapter has been received by the customer and […]
Sec. 14. (a) Before a special tool builder may enforce its security interest in a special tool for which the special tool builder claims a security interest under this chapter and for which the required notice has been sent under section 12 of this chapter, the special tool builder must notify the customer, the end […]
Sec. 15. (a) The proceeds of a sale of a special tool under section 13 of this chapter shall be paid as follows: (1) The proceeds shall be paid first to the prior lienholder who has a perfected lien in an amount sufficient to satisfy the lienholder’s interest. (2) Any remainder after payment is made […]
Sec. 2. As used in this chapter, “end user” means a person who uses a special tool as part of the person’s manufacturing process. As added by P.L.73-2009, SEC.4.
Sec. 3. As used in this chapter, “special tool” means tools, dies, jigs, gauges, gauging fixtures, special machinery, cutting tools, injection molds, or metal castings used in the design, development, manufacture, assembly or fabrication of parts. As added by P.L.73-2009, SEC.4.
Sec. 4. As used in this chapter, “special tool builder” means a person who designs, develops, manufactures, or assembles special tools for sale. As added by P.L.73-2009, SEC.4.
Sec. 5. (a) This section does not apply if an end user retains title to and possession of a special tool. (b) Unless otherwise agreed in writing, if a customer does not claim possession of a special tool from an end user within three (3) years after the date the special tool is last used […]
Sec. 6. (a) An end user has a lien, dependent on possession, on any special tool in the end user’s possession belonging to a customer for the amount due the end user from the customer for: (1) metal fabrication work performed with the special tool; or (2) making or improving the special tool. (b) An […]
Sec. 7. (a) Before enforcing a lien created under section 6 of this chapter, the end user must give written notice to the customer that is: (1) delivered personally; or (2) sent by registered mail to the last known address of the customer. (b) The notice required under subsection (a) must: (1) state that a […]
Sec. 8. If an end user has not been paid the amount due within ninety (90) days after the date the notice is received by the customer as provided in section 7 of this chapter, the end user may sell the special tool at a public auction if: (1) the special tool is still in […]
Sec. 9. (a) Before an end user may sell a special tool, the end user must notify: (1) the customer; and (2) any person whose security interest in the special tool is perfected by filing; by registered mail, return receipt requested, that the end user intends to sell the special tool. (b) The notice required […]
