Statutes > Indiana Statutes > TITLE 34. CIVIL LAW AND PROCEDURE > ARTICLE 54. JUDGMENTS > CHAPTER 4. COGNOVIT NOTE PROHIBITED AS A MEANS OF CONFESSING JUDGMENT OR AUTHORIZING PAYMENT

CHAPTER 4. COGNOVIT NOTE PROHIBITED AS A MEANS OF CONFESSING JUDGMENT OR AUTHORIZING PAYMENT

IC 34-54-4
     Chapter 4. Cognovit Note Prohibited as a Means of Confessing Judgment or Authorizing Payment

IC 34-54-4-1
Violations
     Sec. 1. A person who knowingly:
        (1) procures another to:
            (A) execute as maker; or
            (B) endorse or assign;
        a cognovit note;
        (2) being the payee, endorsee, or assignee of the cognovit note, retains possession of the cognovit note; or
        (3) attempts to recover upon or enforce within Indiana a judgment obtained in any other jurisdiction based upon a cognovit note;
commits a Class B misdemeanor.
As added by P.L.1-1998, SEC.50.