Publication of notice requirements; exceptions
Sec. 28. (a) Except as provided in subsection (e), the attorney
general shall publish a notice not later than November 30 of the year
immediately following the year in which unclaimed property has
been paid or delivered to the attorney general.
(b) Except as provided in subsection (c), the notice required by
subsection (a) must be published at least once each week for two (2)
successive weeks in a newspaper of general circulation published in
the county in Indiana of the last known address of any person named
in the notice.
(c) If the holder:
(1) does not report an address for the apparent owner; or
(2) reports an address outside Indiana;
the notice must be published in the county in which the holder has its
principal place of business within Indiana or any other county that
the attorney general may reasonably select.
(d) The advertised notice required by this section must be in a
form that, in the judgment of the attorney general, will attract the
attention of the apparent owner of the unclaimed property and must
contain the following information:
(1) The name of each person appearing to be an owner of
property that is presumed abandoned, as set forth in the report
filed by the holder.
(2) The last known address or location of each person appearing
to be an owner of property that is presumed abandoned, if an
address or a location is set forth in the report filed by the
holder.
(3) A statement explaining that the property of the owner is
presumed to be abandoned and has been taken into the
protective custody of the attorney general.
(4) A statement that information about the abandoned property
and its return to the owner is available, upon request, from the
attorney general, to a person having a legal or beneficial interest
in the property.
(e) The attorney general is not required to publish the following
in the notice:
(1) Any item with a value of less than one hundred dollars
($100).
(2) Information concerning a traveler's check, money order, or
any similar instrument.
(3) Property reported as a result of a demutualization of an
insurance company.
As added by P.L.2-2002, SEC.19. Amended by P.L.107-2003, SEC.4;
P.L.81-2004, SEC.27.
Last modified: May 24, 2006