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TITLE 10 OFFICE OF ATTORNEY GENERAL FOR THE STATE

Proposed Rule
LSA Document #06-498

DIGEST

Amends 10 IAC 1.5-4-12 to conform to the repealed language. Repeals 10 IAC 1.5-4-9. Effective 30 days after filing with the Publisher.




SECTION 1. 10 IAC 1.5-4-12 IS AMENDED TO READ AS FOLLOWS:

10 IAC 1.5-4-12 Payment of claims

Authority: IC 32-34-1-52
Affected: IC 32-34-1


Sec. 12. (a) Warrants for payment of unclaimed property shall be authorized and payment made:
(1) in the name of, and mailed to, the established owner;
(2) to the court-appointed estate administrator, administratrix, executor, executrix, or personal representative;
(3) to the court-appointed guardian;
(4) in accordance with a court decree of distribution;
(5) to a finder, upon direction by a claimant consistent with this article;
(6) (5) to a creditor;
(7) (6) to a trustee in bankruptcy;
(8) (7) to a receiver; or
(9) (8) to joint claimants.

(b) It shall be the responsibility of the payee to disburse any funds or property in accordance with any existing contract or agreement.

(c) Where there are multiple claimants, the attorney general shall pay one (1) of the claimants only after that claimant has obtained releases from all other claimants allowing payment to that claimant and releasing the attorney general from liability.
(Office of Attorney General for the State; 10 IAC 1.5-4-12; filed Jul 1, 1997, 4:15 p.m.: 20 IR 3003; readopted filed Aug 14, 2003, 1:15 p.m.: 27 IR 946)


SECTION 2. 10 IAC 1.5-4-9 IS REPEALED.


Posted: 11/29/2006 by Legislative Services Agency

DIN: 20061129-IR-010060498PRA
Composed: Apr 28,2024 1:26:15PM EDT
A PDF version of this document.