750 Ind. Admin. Code 6-2-1
Authority: IC 28-5-1-9
Affected: IC 28-5-1-12
Sec. 1.
Definitions. A certificate of investment shall be considered as dormant when the same has not been active for a period of three (3) years or more, as evidenced by the books of the Industrial Loan and Investment Company; and for the purpose of this definition, transactions or entries on the books of the industrial loan and investment company representing service charge debits, interest credits, or memoranda shall not be deemed to change the status of the account from dormant to active; provided, however, no such account shall be deemed to be dormant under this rule until fifteen (15) days after notice has been given by mail to the certificate of investment holder at the last known address that the account is to be declared dormant and to become subject to service charges after fifteen (15) days from the date of the notice.
750 IAC 6-2-1