Section 10 IAC 1.5-5-3 - Receipt and sale of securities and commoditiesAuthority: IC 32-34-1-52
Affected: IC 32-34-1
Sec. 3.
(a) Securities and commodities received by the attorney general as unclaimed property shall be sold as soon as practical.(b) Securities and commodities that become reportable abandoned property under the Act when remitted to the attorney general, must include all interest, dividends, stock splits, if any, warrants, or other rights even though the interest, dividends, stock splits, warrants, or other rights standing alone would not be reportable abandoned property.(c) Interest, dividends, stock splits, warrants, or other rights that become reportable abandoned property under the Act, must, when remitted to the attorney general, include the underlying security or commodity giving rise to the interest, dividends, splits, warrants, or other rights.(d) The attorney general may, when remittance cannot be made as provided in subsection (c), provide written instructions to the holder for remittance of the particular security or commodity.Office of Attorney General for the State; 10 IAC 1.5-5-3; filed Jul 1, 1997, 4:15 p.m.: 20 IR 3004; readopted filed Aug 14, 2003, 1:15 p.m.: 27 IR 946; readopted filed Oct 6, 2009, 9:03 a.m.: 20091104-IR-010090575RFAReadopted filed 10/26/2015, 1:48 p.m.: 20151125-IR-010150149RFAReadopted filed 11/10/2021, 4:13 p.m.: 20211208-IR-010210426RFA