Indiana § 32-34-1.5-8 Presumption of abandonment for property held in a safe deposit box

Indiana Statutes

§ 32-34-1.5-8 — Presumption of abandonment for property held in a safe deposit box

Indiana § 32-34-1.5-8

Title 32PROPERTY

Art. 34LOST OR UNCLAIMED PERSONAL PROPERTY

Ch. 1.5Revised Unclaimed Property Act

This text of Indiana § 32-34-1.5-8 (Presumption of abandonment for property held in a safe deposit box) 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 § 32-34-1.5-8 (2026).

Text

Tangible property held in a safe deposit box and proceeds from a sale of the property by the holder permitted by law of this state other than this chapter are presumed abandoned if the property remains unclaimed by the apparent owner five (5) years after the earlier of the:

(1)expiration of the lease or rental period for the box; or

(2)earliest date when the lessor of the box is authorized by law of this state other than this chapter to enter the box and remove or dispose of the contents without consent or authorization of the lessee.

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Tangible property held in a safe deposit box
and proceeds from a sale of the property by the holder permitted by law
of this state other than this chapter are presumed abandoned if the
property remains unclaimed by the apparent owner five (5) years after
the earlier of the:
(1) expiration of the lease or rental period for the box; or
(2) earliest date when the lessor of the box is authorized by law of
this state other than this chapter to enter the box and remove or
dispose of the contents without consent or authorization of the
lessee.