Unclaimed money; limitations on claiming money
Sec. 4. (a) If a sum of money remains in the abandoned property
fund for at least five (5) years after the date the money is deposited
in the fund under section 2(d) of this chapter without any order
directing the return of the money:
(1) title to the sum vests in and escheats to the state; and
(2) the sum shall be deposited in the state general fund.
(b) Any claimant who does not file an application with the court
within five (5) years after the sum is deposited in the unclaimed
funds account is barred from asserting a claim.
As added by P.L.2-2002, SEC.19. Amended by P.L.246-2005,
SEC.218.
Last modified: May 24, 2006