Property subject to custody of state as unclaimed property
Sec. 21. Except as provided in another state statute, property
located in Indiana or another state is subject to the custody of this
state as unclaimed property if the property is presumed abandoned
and if:
(1) the last known address of the apparent owner, as shown on
the records of the holder, is in Indiana;
(2) the records of the holder do not reflect the identity of the
person entitled to the property and it is established that the last
known address of the person entitled to the property is in
Indiana;
(3) the records of the holder do not reflect the last known
address of the apparent owner and it is established that:
(A) the last known address of the person entitled to the
property is in Indiana; or
(B) the holder is a domiciliary or a government or
governmental subdivision or agency of this state and has not
previously paid or delivered the property to the state of the
last known address of the apparent owner or other person
entitled to the property;
(4) the last known address of the apparent owner, as shown on
the records of the holder, is in a state that does not provide for
the escheat or custodial taking of the property and the holder is
a domiciliary or a government or governmental subdivision or
agency of this state;
(5) the last known address of the apparent owner, as shown on
the records of the holder, is in a foreign country and the holder
is a domiciliary or a government or governmental subdivision
or agency of this state;
(6) the transaction out of which the property arose occurred in
Indiana, the holder is a domiciliary of a state that does not
provide for the escheat or custodial taking of the property, and
the last known address of the apparent owner or other person
entitled to the property is:
(A) unknown; or
(B) in a state that does not provide for the escheat or
custodial taking of the property; or
(7) the property is a traveler's check or money order:
(A) purchased in Indiana; or
(B) for which the issuer of the traveler's check or money
order has its principal place of business in Indiana and the
issuer's records:
(i) do not show the state in which the instrument was
purchased; or
(ii) show that the instrument was purchased in a state that
does not provide for the escheat or custodial taking of the
property.
As added by P.L.2-2002, SEC.19.
Last modified: May 24, 2006