CHAPTER 2. SALE OF UNCLAIMED PROPERTY IN HOTELS

IC 32-34-2
    Chapter 2. Sale of Unclaimed Property in Hotels

IC 32-34-2-1
Auction sale of unclaimed property; notice; record; refund
    Sec. 1. (a) After a proprietor, manager, or lessee of a hotel inIndiana holds an unclaimed article for at least three (3) months,whether or not a receipt or check for the article was given to theperson who left the article, the proprietor, manager, or lessee maysell the article at a public auction, and, out of the proceeds, retain anybalance due from the person leaving the article, the expenses ofadvertising the sale, and the expenses of the sale.
    (b) A proprietor, manager, or lessee may not sell the article until:
        (1) notice of the sale is sent to the owner by mail, if the nameand address of the owner are known; and
        (2) two (2) weeks after the publication of a notice of the sale ismade in a newspaper published at or nearest the place where thearticle was left and where the sale will take place.
    (c) The notice must contain a description of the article and thetime and place of the sale.
    (d) A proprietor, manager, or lessee shall record the amountreceived at the sale for each article sold and the balance, if any,remaining after the balance due and the expenses of the sale havebeen paid.
    (e) At any time within one (1) year after the sale, a proprietor,manager, or lessee shall refund the balance referred to in subsection(d) to the owner of the article or to the owner's heirs or assigns uponpresentation of satisfactory proof of ownership.
As added by P.L.2-2002, SEC.19.

IC 32-34-2-2
Disposition of unclaimed balance
    Sec. 2. If the balance is not claimed by the owner within one (1)year after the sale conducted under section 1 of this chapter, thebalance must be paid to the county treasurer for the use of the schoolfund.
As added by P.L.2-2002, SEC.19.