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32-34-1-43. Records retention; maintenance of records by business associations that sell traveler's checks

IN Code § 32-34-1-43 (2019) (N/A)
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Sec. 43. (a) Except as provided in subsection (b) and subject to any rules adopted by the attorney general under IC 4-22-2, a holder required to file a report under section 26 of this chapter for any property for which the holder has the last known address of the owner shall maintain a record of the information required to be in the report for at least ten (10) years after the property becomes reportable.

(b) A business association that sells in Indiana traveler's checks, money orders, or other similar written instruments, other than third party bank checks on which the business association is directly liable, or that provides those instruments to others for sale in Indiana, shall maintain a record of outstanding instruments indicating the state and date of issue for at least three (3) years after the date the property is reportable.

[Pre-2002 Recodification Citation: 32-9-1.5-44.]

As added by P.L.2-2002, SEC.19.

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