Public-domain · open source
OpenJurist

Ind. Code § 32-34-10-8

Excess funds after sale of watercraft

As added by P.L.2-2002, SEC.19.

Sec. 8. If a boat is sold under this chapter for an amount of money that is greater than the charges owed to the marina operator plus all reasonable expenses of sale, the marina operator shall pay the excess in the following order:

(1) For the satisfaction of obligations held by secured parties with respect to the watercraft, in the order in which security interests in the watercraft were perfected.

(2) To the owner of the watercraft.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.