# Ind. Code § 32-34-1.5-8: Presumption of abandonment for property held in a safe deposit box

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T32_A34_C1.5_S32-34-1.5-8

## Section

- **Citation:** Ind. Code § 32-34-1.5-8
- **Heading:** Presumption of abandonment for property held in a safe deposit box
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 32 / Article 34 / Chapter 1.5 / Section 32-34-1.5-8

## Text

Sec. 8. 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.

As added by P.L.141-2021, SEC.20.

## Nearby sections

- [Ind. Code § 32-34-1.5-1 Nonapplicability of chapter](https://www.frixlaw.com/law-library/statutes/STATE_IN_T32_A34_C1.5_S32-34-1.5-1.md)
- [Ind. Code § 32-34-1.5-2 Citation of law as "revised unclaimed property act"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T32_A34_C1.5_S32-34-1.5-2.md)
- [Ind. Code § 32-34-1.5-3 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_IN_T32_A34_C1.5_S32-34-1.5-3.md)
- [Ind. Code § 32-34-1.5-4 Presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_IN_T32_A34_C1.5_S32-34-1.5-4.md)
- [Ind. Code § 32-34-1.5-5 Presumption of abandonment for property held in a pension account or retirement account](https://www.frixlaw.com/law-library/statutes/STATE_IN_T32_A34_C1.5_S32-34-1.5-5.md)
- [Ind. Code § 32-34-1.5-6 Presumption of abandonment for property held in a tax deferred account or plan](https://www.frixlaw.com/law-library/statutes/STATE_IN_T32_A34_C1.5_S32-34-1.5-6.md)
- [Ind. Code § 32-34-1.5-7 Presumption of abandonment for property held in an account established for minors](https://www.frixlaw.com/law-library/statutes/STATE_IN_T32_A34_C1.5_S32-34-1.5-7.md)
- [Ind. Code § 32-34-1.5-8 Presumption of abandonment for property held in a safe deposit box](https://www.frixlaw.com/law-library/statutes/STATE_IN_T32_A34_C1.5_S32-34-1.5-8.md)
- [Ind. Code § 32-34-1.5-9 Presumption of abandonment for securities](https://www.frixlaw.com/law-library/statutes/STATE_IN_T32_A34_C1.5_S32-34-1.5-9.md)
- [Ind. Code § 32-34-1.5-10 Presumption of abandonment for accrued interest](https://www.frixlaw.com/law-library/statutes/STATE_IN_T32_A34_C1.5_S32-34-1.5-10.md)
- [Ind. Code § 32-34-1.5-11 Indication of apparent owner's interest](https://www.frixlaw.com/law-library/statutes/STATE_IN_T32_A34_C1.5_S32-34-1.5-11.md)
- [Ind. Code § 32-34-1.5-12 Death of an insured or annuitant; death master file](https://www.frixlaw.com/law-library/statutes/STATE_IN_T32_A34_C1.5_S32-34-1.5-12.md)
- [Ind. Code § 32-34-1.5-13 Proceeds payable under an insurance policy or annuity contract](https://www.frixlaw.com/law-library/statutes/STATE_IN_T32_A34_C1.5_S32-34-1.5-13.md)
- [Ind. Code § 32-34-1.5-14 Property located in another state or foreign country](https://www.frixlaw.com/law-library/statutes/STATE_IN_T32_A34_C1.5_S32-34-1.5-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T32_A34_C1.5_S32-34-1.5-8. Check the current official text before relying on it. Not legal advice.