IC 28-7-5-33 : Lien

Sec. 33. A pawnbroker has a first lien on all pledges for the amount of his loan, interest, and charges except:

(1) when the property that constitutes the pledge is stolen (IC 35-43-4-2) or converted (IC 35-43-4-3) property; or

(2) where a prior lien exists under another statute.

Formerly: Acts 1935, c.195, s.32. As amended by P.L.272-1983, SEC.2.