Records retention; maintenance of records by business associations
that sell traveler's checks
Sec. 43. (a) Except as provided in subsection (b) and subject to
any rules adopted by the attorney general under IC 4-22-2, a holder
required to file a report under section 26 of this chapter for any
property for which the holder has the last known address of the
owner shall maintain a record of the information required to be in the
report for at least ten (10) years after the property becomes
reportable.
(b) A business association that sells in Indiana traveler's checks,
money orders, or other similar written instruments, other than third
party bank checks on which the business association is directly
liable, or that provides those instruments to others for sale in Indiana,
shall maintain a record of outstanding instruments indicating the
state and date of issue for at least three (3) years after the date the
property is reportable.
As added by P.L.2-2002, SEC.19.
Last modified: May 24, 2006