Indiana Code
Chapter 1.5. Revised Unclaimed Property Act
32-34-1.5-4. Presumption of Abandonment

Sec. 4. Subject to section 11 of this chapter, the following property is presumed abandoned if it is unclaimed by the apparent owner during the period specified as follows:
(1) For a traveler's check, fifteen (15) years after issuance.
(2) For a money order, seven (7) years after issuance.
(3) For a state or municipal bond, bearer bond, or original issue discount bond, three (3) years after the earliest of the date the bond matures or is called or the obligation to pay the principal of the bond arises.
(4) For a debt of a business association, three (3) years after the obligation to pay arises.
(5) For a payroll card or demand, savings, or time deposit, including a deposit that is automatically renewable, three (3) years after the maturity of the deposit. This does not include a deposit that is automatically renewable, which is deemed matured on its initial date of maturity unless the apparent owner consented in a record on file with the holder to renewal at the time of account opening or at or about the time of the renewal.
(6) For money or a credit owed to a customer as a result of a retail business transaction, other than in-store credit for returned merchandise, three (3) years after the obligation arose.
(7) For an amount owed by an insurance company on a life or endowment insurance policy or an annuity contract that has matured or terminated, three (3) years after the obligation to pay arose under the terms of the policy or contract. If a policy or contract for which an amount is owed on proof of death has not matured by proof of the death of the insured or annuitant, the amount must be paid as follows:
(A) With respect to an amount owed on a life or endowment insurance policy, three (3) years after the earlier of the date the insurance company has knowledge of the death of the insured or the insured has attained, or would have attained if living, the limiting age under the mortality table on which the reserve for the policy is based.
(B) With respect to an amount owed on an annuity contract, three (3) years after the date the insurance company has knowledge of the death of the annuitant.
(8) For property distributable by a business association in the course of dissolution, one (1) year after the property becomes distributable.
(9) For property held by a court, including property received as proceeds of a class action, one (1) year after the property becomes distributable.
(10) For property held by a government or governmental subdivision, agency, or instrumentality, including municipal bond interest and unredeemed principal under the administration of a paying agent or indenture trustee, one (1) year after the property becomes distributable.
(11) For wages, commissions, bonuses, or reimbursements to which an employee is entitled, or other compensation for personal services, other than amounts held in a payroll card, one (1) year after the amount becomes payable.
(12) For a deposit or refund owed to a subscriber by a utility, one (1) year after the deposit or refund becomes payable.
(13) For property not specified in this section or sections 8 and 9 of this chapter, the earlier of three (3) years after the owner first has a right to demand the property or the obligation to pay or distribute the property arises.
As added by P.L.141-2021, SEC.20.

Structure Indiana Code

Indiana Code

Title 32. Property

Article 34. Lost or Unclaimed Personal Property

Chapter 1.5. Revised Unclaimed Property Act

32-34-1.5-1. Nonapplicability of Chapter

32-34-1.5-2. Citation of Law as "Revised Unclaimed Property Act"

32-34-1.5-3. Definitions

32-34-1.5-4. Presumption of Abandonment

32-34-1.5-5. Presumption of Abandonment for Property Held in a Pension Account or Retirement Account

32-34-1.5-6. Presumption of Abandonment for Property Held in a Tax Deferred Account or Plan

32-34-1.5-7. Presumption of Abandonment for Property Held in an Account Established for Minors

32-34-1.5-8. Presumption of Abandonment for Property Held in a Safe Deposit Box

32-34-1.5-9. Presumption of Abandonment for Securities

32-34-1.5-10. Presumption of Abandonment for Accrued Interest

32-34-1.5-11. Indication of Apparent Owner's Interest

32-34-1.5-12. Death of an Insured or Annuitant; Death Master File

32-34-1.5-13. Proceeds Payable Under an Insurance Policy or Annuity Contract

32-34-1.5-14. Property Located in Another State or Foreign Country

32-34-1.5-15. Property Subject to Custody of State as Unclaimed Property

32-34-1.5-16. Traveler's Checks; Money Orders

32-34-1.5-17. Disputes; Burden of Proof

32-34-1.5-18. Reporting Property Presumed Abandoned

32-34-1.5-19. Reporting Requirements

32-34-1.5-20. Reporting Deadlines

32-34-1.5-21. Retention of Records

32-34-1.5-22. Failure of Owner to Request Payment

32-34-1.5-23. Notice Sent to Apparent Owner

32-34-1.5-24. Notice Requirements

32-34-1.5-25. Publication of Notice in Newspaper and on Internet

32-34-1.5-26. Determining Current Address of Apparent Owner

32-34-1.5-27. Good Faith Payment or Delivery of Property

32-34-1.5-28. Dormancy Charge

32-34-1.5-29. Delivery of Property to Attorney General

32-34-1.5-30. Liability for Property Paid or Delivered in Good Faith

32-34-1.5-31. Claims for Reimbursement and Return of Property

32-34-1.5-32. Property Removed From Safe Deposit Box

32-34-1.5-32.5. United States Savings Bonds

32-34-1.5-33. Gain Realized or Accrued on Property

32-34-1.5-34. Declining Custody of Property; Delivering Property Before Presumed Abandoned

32-34-1.5-35. Disposal of Property; Actions Against State

32-34-1.5-36. Periods of Limitation; Commencement of Action by Attorney General

32-34-1.5-37. Sale of Property

32-34-1.5-38. Sale of Securities

32-34-1.5-39. Transfer of Securities

32-34-1.5-40. Property Purchased at Sale

32-34-1.5-41. Medal or Decoration Awarded for Military Service

32-34-1.5-42. Abandoned Property Fund

32-34-1.5-43. Records Maintained by Attorney General

32-34-1.5-44. Deductions; Transfer to State General Fund

32-34-1.5-45. Property Not Owned by State

32-34-1.5-46. Property Subject to Superior Claim

32-34-1.5-47. Right of Another State to Take Custody of Property

32-34-1.5-48. Filing Claims for Property

32-34-1.5-49. Allowing and Denying Claims

32-34-1.5-50. Delivery of Property to Owner; Payment of Enforceable Debt

32-34-1.5-51. Action for Denial of Claim

32-34-1.5-52. Verified Report

32-34-1.5-53. Examining Records

32-34-1.5-54. Rules for Examining Records

32-34-1.5-55. Use and Disclosure of Records

32-34-1.5-56. Prima Facie Evidence of Debt or Obligation

32-34-1.5-57. Estimating Value of Property

32-34-1.5-58. Examination Report

32-34-1.5-59. Intervention in Examination; Request for Conference

32-34-1.5-60. Contract With Person to Conduct Examination

32-34-1.5-61. Ethics and Conflicts of Interest

32-34-1.5-62. Annual Report to Treasurer of State

32-34-1.5-63. Determination of Putative Holder's Liability

32-34-1.5-64. Request by Putative Holder for Informal Conference

32-34-1.5-65. Relief From Determination Made by Attorney General

32-34-1.5-66. Administrative Remedies

32-34-1.5-67. Judicial Review and Procedure

32-34-1.5-68. Enforcement of Determination

32-34-1.5-69. Exchanging Records With Another State or Foreign Country

32-34-1.5-70. Action With or on Behalf of Another State or Foreign Country

32-34-1.5-71. Interest Rates and Civil Penalties for Undelivered Property

32-34-1.5-72. Civil Penalties for Evasion and Fraudulent Reports

32-34-1.5-73. Waiving Interest and Penalties

32-34-1.5-74. Agreements to Locate or Recover Property

32-34-1.5-75. Unenforceable Agreements to Locate or Recover Property

32-34-1.5-76. Agent of Apparent Owner

32-34-1.5-77. Personal Information

32-34-1.5-78. Confidential Information

32-34-1.5-79. Disclosing Confidential Information

32-34-1.5-80. Confidentiality Agreements

32-34-1.5-81. Confidential Information in Notice

32-34-1.5-82. Responsibilities for Confidential Information; Security Plan

32-34-1.5-83. Notice of Breach of Confidential Information

32-34-1.5-84. Claims Regarding Confidential Information; Indemnification

32-34-1.5-85. General Purpose of Uniformity Among States

32-34-1.5-86. Interaction With Federal Laws

32-34-1.5-87. Rules