Lien; right to possession
Applied in 1 court decision — leading case Bank of America, N.A. v. Outboard Marine Corp. (In Re Outboard Marine Corp.) (2004)
Most recently applied in Bank of America, N.A. v. Outboard Marine Corp. (In Re Outboard Marine Corp.) (January 2004)
As added by P.L.2-2002, SEC.18.
Sec. 3. (a) A fabricator has a lien, dependent on possession, on any die, mold, form, jig, or pattern in the fabricator's possession belonging to the customer for the amount due the fabricator from the customer for fabrication work performed with the die, mold, form, jig, or pattern.
(b) A fabricator may retain possession of the die, mold, form, jig, or pattern until the amount due is paid.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.