§ 9-22-5-13 — Sales by persons other than owners; proceeds; payment to circuit court clerk; claim by vehicle owner; escheat to state general fund

Indiana § 9-22-5-13

• Jurisdiction: Indiana
• Title 9: MOTOR VEHICLES
• Art. 22: ABANDONED, SALVAGED, AND SCRAP
• Ch. 5: Scrapping Motor Vehicles

Text

(a) A person not described in section 12 of
this chapter that sells a vehicle under this chapter may retain from the
proceeds of sale the cost of publication of notice and the cost of
preserving the vehicle during the period of the vehicle's abandonment.
The person shall pay the remaining balance of the proceeds of the sale
to the circuit court clerk of the county in which the vehicle is located.
(b) At any time within ten (10) years after the money is paid to the
clerk, the person that owns the vehicle sold under this chapter may
make a claim with the clerk for the sale proceeds deposited with the
clerk. If ownership of the proceeds is established to the satisfaction of
the clerk, the clerk shall pay the proceeds to the person that owns the
vehicle.
(c) If a claim for the proceeds of the sale of a vehicle under
subsection (b) is not made within ten (10) years, claims for the
proceeds are barred. The clerk shall notify the attorney general and
upon demand pay the proceeds to the attorney general. The attorney
general shall turn the proceeds over to the treasurer of state. The
proceeds vest in and escheat to the state general fund.
[Pre-1991 Recodification Citation: 9-9-2-5 part.]

Legislative History

As added by P.L.2-1991, SEC.10. Amended by P.L.246-2005, SEC.87; P.L.125-2012, SEC.153; P.L.198-2016, SEC.412.