Sales by persons other than owners; proceeds; payment to circuit
court clerk; claim by vehicle owner; escheat to state general fund
Sec. 13. (a) A person not described in section 12 of this chapter
who sells an abandoned motor vehicle under this chapter may retain
from the proceeds of sale the cost of publication of notice and the
cost of preserving the motor vehicle during the period of the vehicle's
abandonment. The person shall pay the remaining balance of the
proceeds of the sale to the circuit court clerk of the county in which
the abandoned motor vehicle is located.
(b) At any time within ten (10) years after the money is paid to the
clerk, the person who owns the abandoned motor vehicle sold under
this chapter may make a claim with the clerk for the sale proceeds
deposited with the clerk. If ownership of the proceeds is established
to the satisfaction of the clerk, the clerk shall pay the proceeds to the
person who owns the abandoned motor vehicle.
(c) If a claim for the proceeds of the sale of an abandoned motor
vehicle under subsection (b) is not made within ten (10) years, claims
for the proceeds are barred. The clerk shall notify the attorney
general and upon demand pay the proceeds to the attorney general.
The attorney general shall turn the proceeds over to the treasurer of
state. The proceeds vest in and escheat to the state general fund.
As added by P.L.2-1991, SEC.10. Amended by P.L.246-2005,
SEC.87.
Last modified: May 27, 2006