Sec. 3. (a) The proceeds of a sale that takes place under section 1 of this chapter, after payment of charges for construction or repair and for giving notice by registered or certified mail, shall be: (1) returned to the entrusting person or owner if the identity and mailing address of the entrusting person or owner are known; or (2) deposited with the treasurer of the county in which the construction or repair work was performed. (b) If the entrusting person or owner does not: (1) claim the article within the thirty (30) days before the date of the sale; (2) pay for the construction, alteration, or repair; and (3) provide reimbursement for the expenses of notification; the mechanic or tradesman may proceed with the sale according to the terms of the notice. [Pre-2002 Recodification Citation: 32-8-30-3.]
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