1. (a) This chapter does not apply to any property held, due, and owing in a foreign country and arising out of a foreign transaction.

2. (b) This chapter does not apply to:

   1. (1) stocks;
   2. (2) dividends;
   3. (3) capital credits;
   4. (4) patronage refunds;
   5. (5) utility deposits;
   6. (6) membership fees;
   7. (7) account balances; or

   8. (8) book equities;

      for which the owner cannot be found and that are the result of distributable savings of a rural electric membership corporation formed under IC 8-1-13 , a rural communications cooperative corporation formed under IC 8-1-17 , or an agricultural cooperative association formed under IC 15-12-1 .

3. (c) This chapter does not apply to unclaimed overpayments of utility bills that become the property of a municipality under IC 36-9-23-28.5 .
4. (d) This chapter does not apply to deposits required by a municipally owned utility (as defined in IC 8-1-2-1 ).
5. (e) This chapter does not apply to a business to business credit memorandum or a credit balance resulting from a business to business credit memorandum.

6. (f) This chapter does not apply to gift certificates or gift cards.

   [Pre-2002 Recodification Citation: 32-9-1.5-1.]

As added by P.L.2-2002, SEC.19. Amended by P.L.107-2003, SEC.1; P.L.2-2008, SEC.70; P.L.81-2020, SEC.22.