§ 32-34-1.5-23 — Notice sent to apparent owner

Indiana § 32-34-1.5-23

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

Text

(a) Subject to subsection (b), the holder of
property presumed abandoned must send to the apparent owner notice
by first class United States mail that complies with section 24 of this
chapter in a format acceptable to the attorney general not more than
one hundred eighty (180) days and not less than sixty (60) days before
filing the report under section 18 of this chapter if:
(1) the holder has in its records an address for the apparent owner
which the holder's records do not disclose to be invalid and is
sufficient to direct the delivery of first class United States mail to
the apparent owner; and
(2) the value of the property is fifty dollars ($50) or more.
(b) If an apparent owner has consented to receive electronic mail
delivery from the holder, the holder may, at its election, send the notice
described in subsection (a) by either first class United States mail to the
apparent owner's last known mailing address, or by electronic mail,
unless the holder believes the apparent owner's electronic mail address
is invalid.

Legislative History

As added by P.L.141-2021, SEC.20. Amended by P.L.9-2022, SEC.70.