§ 32-34-1.5-48 — Filing claims for property

Indiana § 32-34-1.5-48

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

Text

(a) A person claiming to be the owner of
property held under this chapter by the attorney general may file a
claim for the property on a form prescribed by the attorney general. The
claimant must verify the claim as to its completeness and accuracy.
(b) The attorney general may waive the requirement in subsection
(a) and may pay or deliver property directly to a person if:
(1) the person receiving the property or payment is shown to be
the apparent owner included on a report filed under section 18 of
this chapter;
(2) the attorney general reasonably believes the person is entitled
to receive the property or payment; and
(3) the property has a value of less than five thousand dollars
($5,000).
(c) A person may file a claim under subsection (a) at any time not
later than twenty-five (25) years after the date on which the property is
presumed abandoned under this chapter, notwithstanding the expiration
of any other time period specified by statute, contract, or court order
during which an action or a proceeding may be commenced or enforced
to obtain payment of a claim for money or recovery of property.

Legislative History

As added by P.L.141-2021, SEC.20. Amended by P.L.101-2023, SEC.7.