Sec. 3. (a) When a county treasurer levies upon personal property, he may:
(1) take immediate possession of the property and store it in a secure place; or
(2) leave the property in the custody of the delinquent taxpayer until the day of
(b) If the personal property is left in the custody of the delinquent taxpayer, he
shall give the county treasurer a joint and several delivery bond, with a surety acceptable
to the county treasurer. The bond must be payable to this state in an amount at least equal to the sum of
the delinquent taxes, penalties, and anticipated collection expenses. The state may not initiate an action on the bond if:
(1) the personal property is delivered for sale at the time and place designated by
the county treasurer; or
(2) the obligor, before the time of the sale, pays to the county treasurer the amount
of the delinquent taxes, penalties, and collection expenses.
(c) The bond required by subsection (b) of this section shall be prepared in the following
We, A, as principal, and B, as surety, are jointly and severally bound unto the state
of Indiana in the penal sum of ______ (______) on the following condition:
Whereas, C, as treasurer of ______ County, has this day levied upon the following personal property, (here list such
property), of the value of ______ (______) to satisfy the delinquent taxes, penalties, and anticipated collection expenses
for the year(s) ______ due from said A. Now if A shall deliver the said personal property to C at ______ o'clock (A.M. or P.M.) of the ______ day of ______ 19___, at the place designated by C to be sold to pay the delinquent taxes, penalties,
and anticipated collection expenses, then this bond shall be void, else in full force.
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