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34-6-2-35. "Economically feasible"

IN Code § 34-6-2-35 (2019) (N/A)
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Sec. 35. "Economically feasible", for purposes of IC 34-55-6, means a finding by the court that:

(1) a reasonable probability exists that with the use of auctioneer services a valid and enforceable bid will be made at the execution for a sale price equal to or greater than the amount of the judgment and the costs and expenses necessary to its satisfaction, including the costs of the auctioneer; and

(2) no such probability exists without the use of an auctioneer.

[Pre-1998 Recodification Citation: 34-1-39-1.5(b) part.]

As added by P.L.1-1998, SEC.1.

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