Indiana § 32-34-1.5-47 Right of another state to take custody of property

Indiana Statutes

§ 32-34-1.5-47 — Right of another state to take custody of property

Indiana § 32-34-1.5-47

Title 32PROPERTY

Art. 34LOST OR UNCLAIMED PERSONAL PROPERTY

Ch. 1.5Revised Unclaimed Property Act

This text of Indiana § 32-34-1.5-47 (Right of another state to take custody of property) 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 § 32-34-1.5-47 (2026).

Text

(a)Property held under this chapter by the attorney general is subject to the right of another state to take custody of the property if:

(1)the property was paid or delivered to the attorney general because the records of the holder did not reflect a last known address in the other state of the apparent owner and:

(A)the other state establishes that the last known address of the apparent owner or other person entitled to the property was in the other state; or

(B)under the law of the other state, the property has become subject to a claim by the other state of abandonment;

(2)the records of the holder did not accurately identify the owner of the property, the last known address of the owner was in another state, and, under the law of the other state, the property has become subject to

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(a) Property held under this chapter by the
attorney general is subject to the right of another state to take custody
of the property if:
(1) the property was paid or delivered to the attorney general
because the records of the holder did not reflect a last known
address in the other state of the apparent owner and:
(A) the other state establishes that the last known address of the
apparent owner or other person entitled to the property was in
the other state; or
(B) under the law of the other state, the property has become
subject to a claim by the other state of abandonment;
(2) the records of the holder did not accurately identify the owner
of the property, the last known address of the owner was in
another state, and, under the law of the other state, the property
has become subject to a claim by the other state of abandonment;
(3) the property was subject to the custody of the attorney general
of this state under section 15 of this chapter and, under the law of
the state of domicile of the holder, the property has become
subject to a claim by the state of domicile of the holder of
abandonment; or
(4) the property:
(A) is a sum payable on a traveler's check, money order, or
similar instrument that was purchased in the other state and
delivered to the attorney general under section 16 of this
chapter; and
(B) under the law of the other state, has become subject to a
claim by the other state of abandonment.
(b) A claim by another state to recover property under this section
must be presented in a form prescribed by the attorney general, unless
the attorney general waives presentation of the form.
(c) The attorney general shall decide a claim under this section not
later than ninety (90) days after it is presented. If the attorney general
determines that the other state is entitled under subsection (a) to
custody of the property, the attorney general shall allow the claim and
pay or deliver the property to the other state.
(d) The attorney general may require another state, before
recovering property under this section, to agree to indemnify this state
and its agents, officers, and employees against any liability on a claim
to the property.