IC 32-34-1.5 – Revised Unclaimed Property Act | Midpage

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Indiana Code

Chapter 1.5

IC 32-34-1.5

Revised Unclaimed Property Act

1Nonapplicability of chapter 2Citation of law as "revised unclaimed property act"3Definitions 4Presumption of abandonment 5Presumption of abandonment for property held in a pension account or retirement account 6Presumption of abandonment for property held in a tax deferred account or plan 7Presumption of abandonment for property held in an account established for minors 8Presumption of abandonment for property held in a safe deposit box 9Presumption of abandonment for securities 10Presumption of abandonment for accrued interest 11Indication of apparent owner's interest 12Death of an insured or annuitant; death master file 13Proceeds payable under an insurance policy or annuity contract 14Property located in another state or foreign country 15Property subject to custody of state as unclaimed property 16Traveler's checks; money orders 17Disputes; burden of proof 18Reporting property presumed abandoned 19Reporting requirements 20Reporting deadlines 21Retention of records 22Failure of owner to request payment 23Notice sent to apparent owner 24Notice requirements 25Publication of notice on a website 26Determining current address of apparent owner 27Good faith payment or delivery of property 28Dormancy charge 29Delivery of property to attorney general 30Liability for property paid or delivered in good faith 31Claims for reimbursement and return of property 32Property removed from safe deposit box 32.5United States savings bonds 33Gain realized or accrued on property 34Declining custody of property; delivering property before presumed abandoned 35Disposal of property; actions against state 36Periods of limitation; commencement of action by attorney general 37Sale of property 38Sale of securities 39Transfer of securities 40Property purchased at sale 41Medal or decoration awarded for military service 42Abandoned property fund 43Records maintained by attorney general 44Deductions; transfer to state general fund 45Property not owned by state 46Property subject to superior claim 47Right of another state to take custody of property 48Filing claims for property 49Allowing and denying claims 50Delivery of property to owner; payment of enforceable debt 51Action for denial of claim 52Verified report 53Examining records 54Rules for examining records 55Use and disclosure of records 56Prima facie evidence of debt or obligation 57Estimating value of property 58Examination report 59Intervention in examination; request for conference 60Contract with person to conduct examination 61Ethics and conflicts of interest 62Annual report to treasurer of state 63Determination of putative holder's liability 64Request by putative holder for informal conference 65Relief from determination made by attorney general 66Administrative remedies 67Judicial review and procedure 68Enforcement of determination 69Exchanging records with another state or foreign country 70Action with or on behalf of another state or foreign country 71Interest rates and civil penalties for undelivered property 72Civil penalties for evasion and fraudulent reports 73Waiving interest and penalties 74Agreements to locate or recover property 75Unenforceable agreements to locate or recover property 76Agent of apparent owner 77Personal information 78Confidential information 79Disclosing confidential information 80Confidentiality agreements 81Confidential information in notice 82Responsibilities for confidential information; security plan 83Notice of breach of confidential information 84Claims regarding confidential information; indemnification 85General purpose of uniformity among states 86Interaction with federal laws 87Rules