32-33-20-9. Notice to Customer of Special Tool Sale
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 […]
32-33-20-10. Proceeds of Special Tool Sale
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 […]
32-33-20-11. Special Tool Builder Security Interest on a Special Tool
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 […]
32-33-20-12. Enforcement of Special Tool Builder Lien
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 […]
32-33-20-1. “Customer”
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.