Indiana § 32-34-1.5-34 Declining custody of property; delivering property before presumed
abandoned

Indiana Statutes

§ 32-34-1.5-34 — Declining custody of property; delivering property before presumed abandoned

Indiana § 32-34-1.5-34

Title 32PROPERTY

Art. 34LOST OR UNCLAIMED PERSONAL PROPERTY

Ch. 1.5Revised Unclaimed Property Act

This text of Indiana § 32-34-1.5-34 (Declining custody of property; delivering property before presumed abandoned) 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 § 32-34-1.5-34 (2026).

Text

(a)The attorney general may decline to take custody of property reported under section 18 of this chapter if the attorney general determines that:

(1)the property has a value less than the estimated expenses of notice and sale of the property; or

(2)taking custody of the property would be unlawful.

(b)A holder may pay or deliver property to the attorney general before the property is presumed abandoned under this chapter if the holder:

(1)sends the apparent owner of the property notice required by section 23 of this chapter and provides the attorney general evidence of the holder's compliance with this subsection;

(2)includes with the payment or delivery a report regarding the property conforming to section 19 of this chapter; and

(3)first obtains the attorney general's consent in a

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(a) The attorney general may decline to
take custody of property reported under section 18 of this chapter if the
attorney general determines that:
(1) the property has a value less than the estimated expenses of
notice and sale of the property; or
(2) taking custody of the property would be unlawful.
(b) A holder may pay or deliver property to the attorney general
before the property is presumed abandoned under this chapter if the
holder:
(1) sends the apparent owner of the property notice required by
section 23 of this chapter and provides the attorney general
evidence of the holder's compliance with this subsection;
(2) includes with the payment or delivery a report regarding the
property conforming to section 19 of this chapter; and
(3) first obtains the attorney general's consent in a record to
accept payment or delivery.
(c) A holder's request for the attorney general's consent under
subsection (b)(3) must be in a record. If the attorney general fails to
respond to the request not later than thirty (30) days after receipt of the
request, the attorney general is deemed to have denied the payment or
delivery of the property.
(d) On payment or delivery of property under subsection (b), the
property is presumed abandoned.