10 IAC 1.5-4-11 - Release of securities

Authority: IC 32-34-1-52

Affected: IC 32-34-1

Sec. 11.

(a) Stock certificates received through safe deposit boxes or directly from a holder may be released to the rightful owner by the following methods:

(1) Transfer the securities to the claimant.

(2) Pay money for the value of the securities as of the date the securities were delivered to the attorney general.

(3) Release to the original owner in the case of obsolete stock certificates in the original owner's name, or release according to the direction of the lawful heirs if the original owner is deceased.

(b) The owner must sign a receipt acknowledging delivery of the certificate.

Notes

10 IAC 1.5-4-11

Office of Attorney General for the State; 10 IAC 1.5-4-11; filed Jul 1, 1997, 4:15 p.m.: 20 IR 3003; readopted filed Aug 14, 2003, 1:15 p.m.: 27 IR 946; readopted filed Oct 6, 2009, 9:03 a.m.: 20091104-IR-010090575RFA Readopted filed 10/26/2015, 1:48 p.m.: 20151125-IR-010150149RFA Readopted filed 11/10/2021, 4:13 p.m.: 20211208-IR-010210426RFA