Sec. 2. If the lienholder has not been paid within sixty (60) days after payment becomes overdue, the lienholder may sell the equipment at auction if:
(1) the equipment is still in the lienholder's possession; and
(2) the lienholder complies with section 3 of this chapter.
[Pre-2002 Recodification Citation: 32-8-36-2.]
As added by P.L.2-2002, SEC.18.