§ 32-34-1.5-21 — Retention of records

Indiana § 32-34-1.5-21

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

Text

A holder required to file a report under
section 18 of this chapter must retain records for ten (10) years after the
later of the date the report was filed or the last date a timely report was
due to be filed, unless a shorter period is provided by rule of the
attorney general. The holder may satisfy the requirement to retain
records under this section through an agent. The records must contain:
(1) the information required to be included in the report;
(2) the date, place, and nature of the circumstances that gave rise
to the property right;
(3) the amount or value of the property;
(4) the last address of the apparent owner, if known to the holder;
and
(5) if the holder sells, issues, or provides to others for sale or issue
in this state traveler's checks, money orders, or similar
instruments, other than third party bank checks, on which the
holder is directly liable, a record of the instruments while they
remain outstanding indicating the state and date of issue.

Legislative History

As added by P.L.141-2021, SEC.20.