393A.080 When contents of safe-deposit box presumed abandoned

393A.080 When contents of safe-deposit box presumed abandoned.

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.