Indiana Code 32-34-1.5-34. Declining custody of property; delivering property before presumed abandoned
(1) the property has a value less than the estimated expenses of notice and sale of the property; or
Terms Used In Indiana Code 32-34-1.5-34
- Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(b) A holder may pay or deliver property to the attorney general before the property is presumed abandoned under this chapter if the holder:
(1) sends the apparent owner of the property notice required by section 23 of this chapter and provides the attorney general evidence of the holder’s compliance with this subsection;
(2) includes with the payment or delivery a report regarding the property conforming to section 19 of this chapter; and
(3) first obtains the attorney general’s consent in a record to accept payment or delivery.
(c) A holder’s request for the attorney general’s consent under subsection (b)(3) must be in a record. If the attorney general fails to respond to the request not later than thirty (30) days after receipt of the request, the attorney general is deemed to have denied the payment or delivery of the property.
(d) On payment or delivery of property under subsection (b), the property is presumed abandoned.
As added by P.L.141-2021, SEC.20.