Sec. 1. A person who engages in the business of altering or repairing electronic home entertainment equipment has a lien on that equipment to the extent of the reasonable value of labor performed and materials used for which the person has not been paid. [Pre-2002 Recodification Citation: 32-8-36-1.] As added by P.L.2-2002, SEC.18.
Sec. 2. If the lienholder has not been paid within sixty (60) days after payment becomes overdue, the lienholder may sell the equipment at auction if: (1) the equipment is still in the lienholder’s possession; and (2) the lienholder complies with section 3 of this chapter. [Pre-2002 Recodification Citation: 32-8-36-2.] As added by P.L.2-2002, SEC.18.
Sec. 3. (a) Before a lienholder may sell the equipment, the lienholder must, by certified mail, return receipt requested, notify the owner and any person whose security interest is perfected by filing concerning the following: (1) The lienholder’s intention to sell the equipment thirty (30) days after the owner’s receipt of the notice. (2) A […]
Sec. 4. If the sale is for a sum greater than the amount of the lien, any excess shall be paid to the owner and any prior lienholder. [Pre-2002 Recodification Citation: 32-8-36-4.] As added by P.L.2-2002, SEC.18.
