Indiana § 28-1-3.1-14 Personal property left in possession of closed financial institution;
appearances, claims, and disposition

Indiana Statutes

§ 28-1-3.1-14 — Personal property left in possession of closed financial institution; appearances, claims, and disposition

Indiana § 28-1-3.1-14

Art. 1DEPARTMENT OF FINANCIAL INSTITUTIONS

Ch. 3.1Liquidation of Financial Institutions

This text of Indiana § 28-1-3.1-14 (Personal property left in possession of closed financial institution; appearances, claims, and disposition) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 28-1-3.1-14 (2026).

Text

(a)The receiver shall cause notice to be mailed to:

(1)the owners of any personal property left in the possession of a closed financial institution for safekeeping or as bailee or depository for hire;

(2)all lessees; and

(3)other persons in possession of any safe deposit box, vault, or locker; requiring those persons to appear and assert their claims to the property within sixty (60) days from the date of the notice. Within that time, the owner or owners of the property may appear and assert their claims to the property. Subject to approval of the receivership court, the receiver shall make the agreements or arrangements as may be necessary for the disposition of the property and the contents of the safe deposit boxes, vaults, or lockers and the termination of any leases or other contr

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(a) The receiver shall cause notice to be
mailed to:
(1) the owners of any personal property left in the possession of
a closed financial institution for safekeeping or as bailee or
depository for hire;
(2) all lessees; and
(3) other persons in possession of any safe deposit box, vault, or
locker;
requiring those persons to appear and assert their claims to the property
within sixty (60) days from the date of the notice. Within that time, the
owner or owners of the property may appear and assert their claims to
the property. Subject to approval of the receivership court, the receiver
shall make the agreements or arrangements as may be necessary for the
disposition of the property and the contents of the safe deposit boxes,
vaults, or lockers and the termination of any leases or other contracts
relating to the property.
(b) If the Federal Deposit Insurance Corporation is the receiver,
compliance with this section is not required.