Ind. Code § 30-2-7-5
Determination of value by secured creditor
Indiana · Indiana Code Title 30 — Trusts and Fiduciaries · Status: effective
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- Ind. Code § 30-2-7-5, Determination of value by secured creditor, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1668049
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Full text
Sec. 5.
(1) By collection. When the asset constituting the security is an obligation for the payment of money, the secured creditor may determine its value by collection or by exhausting his remedies thereon and then surrendering the obligation to the liquidator.
(2) By creditor's sale. When the asset constituting the security is something other than an obligation for the payment of money, the secured creditor may determine its value by creditor's sale.