Unclaimed property; report to court; warrant and appointment for
appraisal
Sec. 2. (a) If the owner does not claim the property described in
section 1 of this chapter within fifteen (15) days after the date the
property is found, the finder shall report the property to a court with
jurisdiction in the county where the property was found.
(b) The court shall issue a warrant to three (3) householders of the
neighborhood not related to the finder (unless persons not related to
the finder are not available) directing any two (2) of the householders
to appraise the property. The appointed householders shall appraise
the property and provide in writing to the court a report containing
the following information:
(1) A clear description of the property.
(2) The householders' valuation of the property.
(3) A declaration under oath that the appraisal and description
were made without partiality, favor, or affection.
As added by P.L.2-2002, SEC.19.
Last modified: May 24, 2006