§ 32-34-1.5-19 — Reporting requirements

Indiana § 32-34-1.5-19

• Jurisdiction: Indiana
• Title 32: PROPERTY
• Art. 34: LOST OR UNCLAIMED PERSONAL PROPERTY
• Ch. 1.5: Revised Unclaimed Property Act

Text

(a) The report required under section 18
of this chapter must:
(1) be signed by or on behalf of the holder and verified as to its
completeness and accuracy;
(2) be filed electronically, and be in a secure format approved by
the attorney general which protects confidential information of the
apparent owner in the same manner as required of the attorney
general's agent under section 80 of this chapter;
(3) describe the property;
(4) contain:
(A) the name, if known;
(B) the last known address, if known; and
(C) the Social Security number or taxpayer identification
number, if known or readily ascertainable;
of the apparent owner of the property of property with a value of
fifty dollars ($50) or more;
(5) for an amount held or owing under a life or endowment
insurance policy or annuity contract, contain the name and last
known address of the insured, annuitant, or other apparent owner
of the policy or contract and of the beneficiary;
(6) for property held in or removed from a safe deposit box,
indicate the location of the property, where it may be inspected by
the attorney general, and any amounts owed to the holder under
section 32 of this chapter;
(7) contain the commencement date for determining abandonment
under sections 4, 5, 6, 7, 8, and 9 of this chapter;
(8) state that the holder has complied with the notice requirements
of section 23 of this chapter;
(9) identify property that is a non-freely transferable security and
explain why it is a non-freely transferable security; and
(10) include any other information required by the attorney
general.
(b) A report required under section 18 of this chapter may include
in the aggregate items valued under fifty dollars ($50) each. If the
report includes items in the aggregate valued under fifty dollars ($50)
each, the attorney general may require the holder to provide the name
and address of an apparent owner of an item, if known.
(c) A report required under section 18 of this chapter may include
personal information as defined in section 77(a) of this chapter about
the apparent owner or the apparent owner's property to the extent not
otherwise prohibited by federal law.
(d) If a holder has changed its name while holding property
presumed abandoned or is a successor to another person that previously
held the property for the apparent owner, the holder must include in the
report required under section 18 of this chapter its former name or the
name of the previous holder, if any, and the known name and address
of each previous holder of the property.
(e) In the case of a report of virtual currency to the attorney general,
the holder shall liquidate the virtual currency at any time within thirty
(30) days before filing the report required under section 18 of this
chapter and remit the proceeds to the attorney general. The owner shall
have no recourse against either the:
(1) holder; or
(2) attorney general;
for any change in value after the liquidation required by this
subsection.

Legislative History

As added by P.L.141-2021, SEC.20. Amended by P.L.101-2023, SEC.4.