Skip to main content
Find a Lawyer

Indiana Code Title 32. Property § 32-23-9-2

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 2. If a person, firm, limited liability company, or corporation described in section 1 of this chapter:

(1) fails to pay for the crude oil:

(A) not more than sixty (60) days after the date of the examination and approval of title;  and

(B) after the purchasers have received executed division orders from the owners of interests;  or

(2) has failed to notify the known claimants of an interest of the purchaser's reason for nonpayment to the claimants of an interest;

the purchaser shall pay interest at the rate of six percent (6%) per year on the unpaid balance from the date on which the purchaser was required to pay for the crude oil under this chapter to the date of payment.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Indiana Code Title 32. Property § 32-23-9-2 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-32-property/in-code-sect-32-23-9-2/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard