10 Ind. Admin. Code 1.5-3-8

Current through November 6, 2024

Section 10 IAC 1.5-3-8 - Safe deposit box contents

Authority: IC 32-34-1-52

Affected: IC 32-34-1

Sec. 8.

(a) Safe deposit boxes or other safekeeping depositories that have been abandoned shall be opened and inventoried in the presence of at least two (2) employees of the holder, who shall verify by affidavit the contents of the box. The property and a copy of the employees' affidavit shall then be sealed for safekeeping until delivered to the owner or the attorney general.

(b) Every holder maintaining safe deposit boxes or other safekeeping repositories shall report to the attorney general with an inventory of property in its possession that constitutes unclaimed funds.

(c) Such inventory shall include a statement containing the following information:

(1) The name and last known address of each owner whose lease or rental period has expired.

(2) The expiration date of the lease or rental agreement for such safe deposit box or other safekeeping depository.

(3) The date of opening of such safe deposit box or other safekeeping repository.

(4) The number of identifying description of the safe deposit box or other safekeeping repository.

(5) A list describing the items received.

(6) The name and address of the holder reporting the property.

The inventory shall contain such further identifying data and information as shall be requested by the attorney general.

(d) Upon receipt by the attorney general of the contents of a safe deposit box or other safekeeping repository, an inventory of the property shall be performed by the attorney general to determine any discrepancies with the inventory filed by the holder and to identify that property that the attorney general is statutorily authorized to receive. A holder number and owner number shall be assigned by the attorney general to identify the items received.

(e) This section shall apply when the contents of any safe deposit box or other safekeeping depository is remitted to the attorney general under IC 32-34-1-20(c)(14) [IC 32-34-1 was repealed by P.L. 141-2021, SECTION 19, effective July 1, 2021.], IC 32-34-1-24[IC 32-34-1 was repealed by P.L. 141-2021, SECTION 19, effective July 1, 2021.], and IC 32-34-1-39[IC 3234-1 was repealed by P.L. 141-2021, SECTION 19, effective July 1, 2021.].

10 IAC 1.5-3-8

Office of Attorney General for the State; 10 IAC 1.5-3-8; filed Jul 1, 1997, 4:15 p.m.: 20 IR 3000; errata filed Apr 17, 2003, 3:30 p.m.: 26 IR 3046; readopted filed Aug 14, 2003, 1:15 p.m.: 27 IR 946; readopted filed Oct 6, 2009, 9:03 a.m.: 20091104-IR-010090575RFA

Readopted filed 10/26/2015, 1:48 p.m.: 20151125-IR-010150149RFA

Readopted filed 11/10/2021, 4:13 p.m.: 20211208-IR-010210426RFA