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Can you summarize IC 32-34?
Property > LOST OR UNCLAIMED PERSONAL PROPERTY
Short Summary
The first legal document governs the sale of unclaimed property in hotels in Indiana, allowing proprietors, managers, or lessees to sell unclaimed articles at a public auction after holding them for at least three months. The second document addresses the handling of unclaimed personal property found within lawfully repossessed vehicles, requiring creditors to notify debtors of discovered property and allowing the creditor to claim the property if not claimed by the debtor within 30 days. The third document governs the acquisition of title for property on permanent loan to a museum, specifying the process for terminating the loan and transferring clear title to the museum if the lender does not respond within 60 days. The fourth document governs the transfer of property interests in molds, stating that the fabricator retains title and possession of the mold and can claim ownership if the customer does not take possession within three years. The fifth document governs the transfer of property interests in silk screens, with similar provisions as the mold document. The sixth document governs the finding and handling of stray animals and unclaimed personal property, providing a process for reporting and claiming found property. The seventh document specifies compensation for finding lost or unclaimed personal property and outlines the process for selling and reclaiming the property. The eighth document governs the sale of abandoned watercraft by marina operators and the recovery of maintenance costs. The ninth document outlines the obligations of holders of unclaimed property and provides guidelines for determining when property held in pension or retirement accounts is considered abandoned. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Proprietors, managers, or lessees of hotels in Indiana, creditors and debtors involved in the repossession of vehicles, museums, lenders, and owners of property loaned to a museum, fabricators and customers involved in the fabrication, casting, manufacturing, or assembly of molds, silk screen makers, silk screen users, customers of silk screen makers or silk screen users, individuals who find stray animals or valuable items, finders of lost or unclaimed personal property, marina operators, apparent owners of unclaimed property in Indiana
What does it govern?
Sale of unclaimed property in hotels, handling of unclaimed personal property found within lawfully repossessed vehicles, acquisition of title for property on permanent loan to a museum, transfer of property interests in molds, transfer of property interests in silk screens, finding and handling of stray animals and unclaimed personal property, compensation for finding lost or unclaimed personal property, sale of abandoned watercraft and recovery of maintenance costs by marina operators, handling of lost or unclaimed personal property under the Revised Unclaimed Property Act
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Indiana