Chapter 1.5 Revised Unclaimed Property Act
Chapter 2 Sale of Unclaimed Property in Hotels
Chapter 4 Unclaimed Property in Possession of Repossessors of Motor Vehicles or Watercraft
Chapter 5 Property Loaned to Museums
Chapter 6 Transfer of Property Interests in Molds
Chapter 7 Transfer of Property Interests in Silk Screens
Chapter 8 Finding Strays or Property Adrift
Chapter 9 Drifting Boats and Timber
Chapter 10 Sale of Abandoned Watercraft

Terms Used In Indiana Code > Title 32 > Article 34 - Lost or Unclaimed Personal Property

  • Advance refunding bonds: means bonds issued for the purpose of refunding bonds first subject to redemption or maturing after the date of the advance refunding bonds. See Indiana Code 5-1-5-1
  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Appraisal: A determination of property value.
  • Bond: means any revenue bond, general obligation bond, or advance refunding bond. See Indiana Code 5-1-5-1
  • Clerk: means the clerk of the court or a person authorized to perform the clerk's duties. See Indiana Code 1-1-4-5
  • creditor: means the person who has lawfully repossessed a vehicle. See Indiana Code 32-34-4-1
  • customer: means an individual or entity who contracts with or causes a fabricator:

    Indiana Code 32-34-6-2

  • customer: means an individual or entity that causes another individual or entity to make a silk screen or to use a silk screen to manufacture, assemble, or make a product. See Indiana Code 32-34-7-2
  • debtor: means the person from whom a vehicle is repossessed. See Indiana Code 32-34-4-2
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Source: OCC
  • fabricator: means an individual or entity, including a tool or die maker, who:

    Indiana Code 32-34-6-3

  • Governing body: means the council, commission, board of commissioners, board of directors, board of trustees, or other legislative body in which the legislative powers of the issuing body are vested. See Indiana Code 5-1-5-1
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
  • Issuing body: means the state of Indiana, its agencies, commissions, universities, colleges, institutions, political subdivisions, counties, school corporations, hospital associations, municipal and quasi-municipal corporations, special taxing districts, and any corporation which has issued bonds payable directly or indirectly from lease rentals payable by any of the foregoing issuing bodies now or hereafter existing under the laws of the state. See Indiana Code 5-1-5-1
  • Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
  • Legal tender: coins, dollar bills, or other currency issued by a government as official money. Source: U.S. Mint
  • lender: means a person whose name appears on the records of a museum as the person legally entitled to, or claiming to be legally entitled to, property held by the museum. See Indiana Code 32-34-5-1
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • loan: means a deposit of property not accompanied by a transfer of title to the property. See Indiana Code 32-34-5-3
  • marina operator: means a person, a firm, a corporation, a limited liability company, a municipality, or another unit of government that is engaged in the business of operating a marina. See Indiana Code 32-34-10-1
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • museum: means an institution located in Indiana that:

    Indiana Code 32-34-5-4

  • Ordinance: means an ordinance of a city or town or resolution or other instrument by which the governing body of the issuing body exercising any power under this chapter takes formal action and adopts legislative provisions and matters of some permanency. See Indiana Code 5-1-5-1
  • permanent loan: means a loan of property to a museum for an indefinite period. See Indiana Code 32-34-5-5
  • person: means an individual, a nonprofit corporation, a trustee or legal representative, the state, a political subdivision (as defined in IC § 36-1-2-13), an agency of the state or a political subdivision, or a group of those persons acting in concert. See Indiana Code 32-34-5-6
  • property: means a tangible object under a museum's care that has intrinsic historic, artistic, scientific, or cultural value. See Indiana Code 32-34-5-7
  • Sheriff: means the sheriff of the county or another person authorized to perform sheriff's duties. See Indiana Code 1-1-4-5
  • silk screen maker: means an individual or entity that makes a silk screen. See Indiana Code 32-34-7-3
  • silk screen user: means an individual or entity that uses a silk screen to manufacture, assemble, or make a product. See Indiana Code 32-34-7-4
  • Subpoena: A command to a witness to appear and give testimony.
  • timber: means trees, whether standing, down, or prepared for sale, sawlogs and all other logs, cross and railroad ties, boards, planks, staves and heading, and other trees cut or prepared for market. See Indiana Code 32-34-9-1
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • undocumented property: means property in the possession of a museum for which the museum cannot determine the owner by reference to the museum's records. See Indiana Code 32-34-5-8
  • value: means the amount of money that a reasonable person would estimate a willing buyer would pay for an item of personal property. See Indiana Code 32-34-4-3
  • vehicle: means a motor vehicle or a watercraft. See Indiana Code 32-34-4-4
  • Writ: A formal written command, issued from the court, requiring the performance of a specific act.