Indiana § 32-34-1.5-29 Delivery of property to attorney general

Indiana Statutes

§ 32-34-1.5-29 — Delivery of property to attorney general

Indiana § 32-34-1.5-29

Title 32PROPERTY

Art. 34LOST OR UNCLAIMED PERSONAL PROPERTY

Ch. 1.5Revised Unclaimed Property Act

This text of Indiana § 32-34-1.5-29 (Delivery of property to attorney general) 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 § 32-34-1.5-29 (2026).

Text

(a)Except as otherwise provided in this section, upon filing a report under section 18 of this chapter, the holder shall pay or deliver to the attorney general the property described in the report.

(b)If property in a report under section 18 of this chapter is an automatically renewable deposit and a penalty or forfeiture in the payment of interest would result from paying the deposit to the attorney general at the time of the report, the date for payment of the property to the attorney general is extended until a penalty or forfeiture no longer would result from payment.

(c)Tangible property in a safe deposit box shall be delivered to the attorney general not later than thirty (30) days after filing the report under section 18 of this chapter.

(d)If property reported to the attorney g

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(a) Except as otherwise provided in this
section, upon filing a report under section 18 of this chapter, the holder
shall pay or deliver to the attorney general the property described in the
report.
(b) If property in a report under section 18 of this chapter is an
automatically renewable deposit and a penalty or forfeiture in the
payment of interest would result from paying the deposit to the attorney
general at the time of the report, the date for payment of the property
to the attorney general is extended until a penalty or forfeiture no
longer would result from payment.
(c) Tangible property in a safe deposit box shall be delivered to the
attorney general not later than thirty (30) days after filing the report
under section 18 of this chapter.
(d) If property reported to the attorney general under section 18 of
this chapter is a security, the attorney general may:
(1) make an endorsement, instruction, or entitlement order on
behalf of the apparent owner to invoke the duty of the issuer, its
transfer agent, or the securities intermediary to transfer the
security; or
(2) dispose of the security under section 38 of this chapter.
(e) If the holder of property reported to the attorney general under
section 18 of this chapter is the issuer of a certificated security, the
attorney general may obtain a replacement certificate in physical or
book entry form under IC 26-1-8.1-405. An indemnity bond is not
required.
(f) The attorney general shall establish procedures for the
registration, issuance, method of delivery, transfer, and maintenance of
securities delivered to the attorney general by a holder.
(g) An issuer, holder, and transfer agent or other person acting under
this section under instructions of and on behalf of the issuer or holder
is not liable to the apparent owner for, and must be indemnified by the
state against, a claim arising with respect to property after property has
been delivered to the attorney general.
(h) A holder is not required to deliver to the attorney general a
security identified by the holder as a non-freely transferable security.
If the attorney general or holder determines that a security is no longer
a non-freely transferable security, the holder shall deliver the security
on the next regular date prescribed for delivery of securities under this
chapter. The holder shall make a determination annually whether a
security identified in a report filed under section 18 of this chapter as
a non-freely transferable security is no longer a non-freely transferable
security.