Indiana § 32-34-1.5-6 Presumption of abandonment for property held in a tax deferred
account or plan

Indiana Statutes

§ 32-34-1.5-6 — Presumption of abandonment for property held in a tax deferred account or plan

Indiana § 32-34-1.5-6

Title 32PROPERTY

Art. 34LOST OR UNCLAIMED PERSONAL PROPERTY

Ch. 1.5Revised Unclaimed Property Act

This text of Indiana § 32-34-1.5-6 (Presumption of abandonment for property held in a tax deferred account or plan) 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 § 32-34-1.5-6 (2026).

Text

Subject to section 11 of this chapter and except for property described in section 5 of this chapter and property held in a plan described in Section 529A of the Internal Revenue Code, property held in an account or plan, including a health savings account, that qualifies for tax deferral under the income tax laws of the United States is presumed abandoned if it is unclaimed by the apparent owner three (3) years after the earlier of the following:

(1)The date, if determinable by the holder, specified in federal income tax laws and regulations by which distribution of the property must begin to avoid a tax penalty, with no distribution having been made.

(2)Thirty (30) years after the date the account was opened.

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Subject to section 11 of this chapter and
except for property described in section 5 of this chapter and property
held in a plan described in Section 529A of the Internal Revenue Code,
property held in an account or plan, including a health savings account,
that qualifies for tax deferral under the income tax laws of the United
States is presumed abandoned if it is unclaimed by the apparent owner
three (3) years after the earlier of the following:
(1) The date, if determinable by the holder, specified in federal
income tax laws and regulations by which distribution of the
property must begin to avoid a tax penalty, with no distribution
having been made.
(2) Thirty (30) years after the date the account was opened.