If:

1. (1) tangible or intangible property that is held in a safe deposit box or any other safekeeping depository in Indiana in the ordinary course of the holder's business; or

2. (2) the proceeds resulting from the sale of the property described in subdivision (1) as authorized by other law;

   remain unclaimed by the owner for more than three (3) years after expiration of the lease or rental period on the box or other depository, the property or proceeds are presumed abandoned.

   [Pre-2002 Recodification Citation: 32-9-1.5-24.]

As added by P.L.2-2002, SEC.19. Amended by P.L.46-2013, SEC.2.