The following property, held or owing to any owner, is presumed abandoned and unclaimed: 1. All property, not otherwise covered by this article, which is admitted in writing by the holder and adjudicated to be due, which is held or owing in the ordinary course of the holder's business, which has remained unclaimed by the owner for more than three (3) years after it became payable or distributable and in which the owner has not indicated an interest, is presumed abandoned and unclaimed except for clause 2.2. Wages or other compensation for personal services that have remained unclaimed by the owner for more than two (2) years after the wages or other compensation for personal services become payable or are distributed are presumed abandoned and unclaimed.
Amended by P.L. 1053 2014 No. 126, § 8, eff. 7/10/2014.1929, April 9, P.L. 343, art. XIII.1, § 1301.10, added 1982, Dec. 9, P.L. 1057, No. 248, § 5, imd. effective. Amended 2002, June 29, P.L. 614, No. 91, § 8, effective July 1, 2002; 2003, Dec. 23, P.L. 243, No. 45, § 4, imd. effective.