2023 Indiana Code › Title 32. Property › Article 34. Lost or Unclaimed Personal Property › Chapter 1.5. Revised Unclaimed Property Act › 32-34-1.5-4. Presumption of Abandonment

Sec. 4. Subject to section 11 of this chapter, the following property is presumed abandoned if it is unclaimed by the apparent owner during the period specified as follows:
(1) For a traveler's check, fifteen (15) years after issuance.
(2) For a money order, seven (7) years after issuance.
(3) For a state or municipal bond, bearer bond, or original issue discount bond, three (3) years after the earliest of the date the bond matures or is called or the obligation to pay the principal of the bond arises.
(4) For a debt of a business association, three (3) years after the obligation to pay arises.
(5) For a payroll card or demand, savings, or time deposit, including a deposit that is automatically renewable, three (3) years after the maturity of the deposit. This does not include a deposit that is automatically renewable, which is deemed matured on its initial date of maturity unless the apparent owner consented in a record on file with the holder to renewal at the time of account opening or at or about the time of the renewal.
(6) For money owed to a customer as a result of a retail business transaction, three (3) years after the obligation arose.
(7) For an amount owed by an insurance company on a life or endowment insurance policy or an annuity contract that has matured or terminated, three (3) years after the obligation to pay arose under the terms of the policy or contract. If a policy or contract for which an amount is owed on proof of death has not matured by proof of the death of the insured or annuitant, the amount must be paid as follows:
(A) With respect to an amount owed on a life or endowment insurance policy, three (3) years after the earlier of the date the insurance company has knowledge of the death of the insured or the insured has attained, or would have attained if living, the limiting age under the mortality table on which the reserve for the policy is based.
(B) With respect to an amount owed on an annuity contract, three (3) years after the date the insurance company has knowledge of the death of the annuitant.
(8) For property distributable by a business association in the course of dissolution, one (1) year after the property becomes distributable.
(9) For property held by a court, including property received as proceeds of a class action, three (3) years after the property becomes distributable.
(10) For property held by a government or governmental subdivision, agency, or instrumentality, including municipal bond interest and unredeemed principal under the administration of a paying agent or indenture trustee, one (1) year after the property becomes distributable.
(11) For wages, commissions, bonuses, or reimbursements to which an employee is entitled, or other compensation for personal services, other than amounts held in a payroll card, one (1) year after the amount becomes payable.
(12) For a deposit or refund owed to a subscriber by a utility, one (1) year after the deposit or refund becomes payable.
(13) For property not specified in this section or sections 8 and 9 of this chapter, the earlier of three (3) years after the owner first has a right to demand the property or the obligation to pay or distribute the property arises.
As added by P.L.141-2021, SEC.20. Amended by P.L.101-2023, SEC.2.