Violations
Applied in 1 court decision — leading case EBF Partners, LLC v. Evolving Solutions Inc. (2018)
Most recently applied in EBF Partners, LLC v. Evolving Solutions Inc. (February 2018)
As added by P.L.1-1998, SEC.50.
Sec. 1. A person who knowingly:
(1) procures another to:
(A) execute as maker; or
(B) endorse or assign;
a cognovit note;
(2) being the payee, endorsee, or assignee of the cognovit note, retains possession of the cognovit note; or
(3) attempts to recover upon or enforce within Indiana a judgment obtained in any other jurisdiction based upon a cognovit note;
commits a Class B misdemeanor.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.