§ 34-55-6-5 Auctioneer's fee and expenses

Codes > Indiana Code > Title 34 > Article 55 : Chapter 6 > 34-55-6-5 Auctioneer's

34-55-6-5 Auctioneer's fee and expenses

    Sec. 5. (a) The auctioneer's fee shall be a reasonable amount stated in the court's order. However, if the sale by use of an auctioneer has not been agreed to by the creditors in the proceedings and the sale price is less than the amount set out in section 3 of this chapter, the auctioneer is entitled only to the auctioneer's advertising expenses plus one hundred dollars ($100).

    (b) The amount due the auctioneer for the auctioneer's expenses and fee, if any, shall be paid as a cost of the sale from the sale proceeds before the payment of any other payment from the sale proceeds.