Indiana Code 30-2-16-7. Static balance accounts reportable as unclaimed property; inapplicability of reimbursement provisions
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Terms Used In Indiana Code 30-2-16-7
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- static balance: means an amount held by a payroll savings plan administrator for a participant who:
Indiana Code 30-2-16-4
Sec. 7. Section 5 of this chapter does not apply to accounts containing a static balance that would otherwise be reported to the state under IC 32-34-1.5-18 as Indiana property.
As added by P.L.141-2005, SEC.27. Amended by P.L.141-2021, SEC.17.