Indiana § 28-1-9-11 Unclaimed distributive portions

Indiana Statutes

§ 28-1-9-11 — Unclaimed distributive portions

Indiana § 28-1-9-11

Art. 1DEPARTMENT OF FINANCIAL INSTITUTIONS

Ch. 9Voluntary Dissolution of Banks, Trust Companies, and

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Bluebook

Ind. Code § 28-1-9-11 (2026).

Text

In case depositors or other creditors or the
holders of shares of any such corporation are unknown or shall fail or
refuse to accept their distributive shares in the property and assets of
such corporation, or are under any disability, or cannot be found after
diligent inquiry, upon the final settlement of the liquidation, the
liquidating agent shall treat the property as unclaimed property and
comply with IC 32-34-1.5.
Formerly: Acts 1933, c.40, s.152; Acts 1937, c.33, s.15. As
amended by P.L.35-2010, SEC.115; P.L.141-2021, SEC.16.

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In case depositors or other creditors or the
holders of shares of any such corporation are unknown or shall fail or
refuse to accept their distributive shares in the property and assets of
such corporation, or are under any disability, or cannot be found after
diligent inquiry, upon the final settlement of the liquidation, the
liquidating agent shall treat the property as unclaimed property and
comply with IC 32-34-1.5.
Formerly: Acts 1933, c.40, s.152; Acts 1937, c.33, s.15. As
amended by P.L.35-2010, SEC.115; P.L.141-2021, SEC.16.