Indiana § 32-18-3-2 - Resale of property; liability for amount above bid at previous sale
Full text of Indiana Indiana Code § 32-18-3-2 — Resale of property; liability for amount above bid at previous sale, with citation guidance and answers to common questions.
§ 32-18-3-2. Resale of property; liability for amount above bid at previous sale
Sec. 2. If on resale of the real estate, or any part of the real estate, the real estate sells for ten percent (10%) more than the amount bid at the previous sale, the court may not confirm the sale but order the real estate resold. If on resale the additional sum is not realized, the person posting the bond is liable for the difference. It is the duty of the receiver, assignee, or trustee to institute and prosecute the suit, which is for the use and benefit of the trust.
[Pre-2002 Recodification Citation: 32-12-3-1 part.]
As added by P.L.2-2002, SEC.3.
IC 32-19ARTICLE 19. DESCRIBING REAL PROPERTY; INDIANA COORDINATE SYSTEM
Ch. 1.Designation of Indiana Coordinate System; Zones Ch. 2.Coordinates; Geodetic Control Monuments Ch. 3.Descriptions of Land Using the Indiana Coordinate System Ch. 4.Repealed
IC 32-19-1Chapter 1. Designation of Indiana Coordinate System; Zones
32-19-1-1Designation of systems 32-19-1-2Division of Indiana into east and west zones; counties in each zone 32-19-1-3Descriptions of systems; locating position of systems 32-19-1-4Naming and designation of system in land descriptions 32-19-1-5Tract located in both zones 32-19-1-6Use of terms; limits on use of system
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 32-18-3-2
What does Indiana Code § 32-18-3-2 cover?
Section 32-18-3-2 ("Resale of property; liability for amount above bid at previous sale") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 32-18-3-2?
A common citation format is "Indiana Code § 32-18-3-2" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 32-18-3-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.