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Indiana Code Title 32. Property § 32-34-1-17

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Sec. 17. (a) This section does not apply to section 24 of this chapter.

(b) As used in this chapter, “property” means an interest in intangible personal property, except an unliquidated claim, and all income or increment derived from the interest, including an interest that is referred to as or evidenced by:

(1) money, a check, a draft, a deposit, an interest, or a dividend;

(2) a credit balance, a customer overpayment, a security deposit, a refund, a credit memorandum other than a business to business credit memorandum, an unpaid wage, an unused airline ticket, mineral proceeds, or an unidentified remittance;

(3) stock and other ownership interest in a business association;

(4) a bond, debenture, note, or other evidence of indebtedness;

(5) money deposited to redeem stocks, bonds, coupons, and other securities or to make distributions;

(6) an amount due and payable under the terms of an insurance policy;  and

(7) an amount distributable from a trust or custodial fund established under a plan to provide:

(A) health;

(B) welfare;

(C) pension;

(D) vacation;

(E) severance;

(F) retirement;

(G) death;

(H) stock purchase;

(I) profit sharing;

(J) employee savings;

(K) supplemental unemployment insurance;  or

(L) similar;


(c) The term does not include transactions between business entities and:

(1) a motor carrier (as defined in IC 8-2.1-17-10);  or

(2) a carrier (as defined in 49 U.S.C. 13102(3)).

Cite this article: - Indiana Code Title 32. Property § 32-34-1-17 - last updated June 08, 2021 |

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