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:

Terms Used In Indiana Code 32-34-8-2

  • Appraisal: A determination of property value.
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
(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.

[Pre-2002 Recodification Citation: 32-9-3-2.]

As added by P.L.2-2002, SEC.19.

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