Indiana Statutes

§ 32-34-1.5-42 — Abandoned property fund

Indiana § 32-34-1.5-42
JurisdictionIndiana
Title 32PROPERTY
Art. 34LOST OR UNCLAIMED PERSONAL PROPERTY
Ch. 1.5Revised Unclaimed Property Act

This text of Indiana § 32-34-1.5-42 (Abandoned property fund) 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 § 32-34-1.5-42 (2026).

Text

(a)Except as otherwise provided in this section, the attorney general shall transfer to the treasurer of state for deposit in the abandoned property fund all funds received under this chapter, including proceeds from the sale of property under sections 37 and 38 of this chapter.
(b)The attorney general shall maintain an account with an amount of funds the attorney general reasonably estimates is sufficient to pay claims allowed under this chapter. If the aggregate amount of claims by owners allowed at any time exceeds the amount held in the account, an excess claim must be paid out of the state general fund.

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Legislative History

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

Nearby Sections

15
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Bluebook (online)
Indiana § 32-34-1.5-42, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/32-34-1.5-42.