"Property" defined
Sec. 17. (a) This section does not apply to section 24 of this
chapter.
(b) As used in this chapter, "property" means an interest in
intangible personal property, except an unliquidated claim, and all
income or increment derived from the interest, including an interest
that is referred to as or evidenced by:
(1) money, a check, a draft, a deposit, an interest, or a dividend;
(2) a credit balance, a customer overpayment, a gift certificate,
a security deposit, a refund, a credit memorandum, an unpaid
wage, an unused airline ticket, mineral proceeds, or an
unidentified remittance;
(3) stock and other ownership interest in a business association;
(4) a bond, debenture, note, or other evidence of indebtedness;
(5) money deposited to redeem stocks, bonds, coupons, and
other securities or to make distributions;
(6) an amount due and payable under the terms of an insurance
policy; and
(7) an amount distributable from a trust or custodial fund
established under a plan to provide:
(A) health;
(B) welfare;
(C) pension;
(D) vacation;
(E) severance;
(F) retirement;
(G) death;
(H) stock purchase;
(I) profit sharing;
(J) employee savings;
(K) supplemental unemployment insurance; or
(L) similar;
benefits.
(c) The term does not include transactions between business
entities and:
(1) a motor carrier (as defined in IC 8-2.1-17-10); or
(2) a carrier (as defined in 49 U.S.C. 13102(3)).
As added by P.L.2-2002, SEC.19.
Last modified: May 24, 2006