As used in this chapter:
(1) "Administrator" means the state tax commission or its duly authorized
agents or employees.
(2) "Apparent owner" means the person whose name appears on the records
of the holder as the person entitled to property held, issued, or owing by the
holder.
(3) "Attorney general" means the chief legal officer of this state.
(4) "Banking organization" means a bank, trust company, savings bank,
industrial bank, land bank, safe deposit company, private banker, or any
organization defined by other law as a bank or banking organization.
(5) "Business association" means a nonpublic corporation, limited
liability company, joint stock company, investment company, business trust,
partnership, or association for business purposes of two (2) or more
individuals, whether or not for profit, including, but not limited to, a
banking organization, financial organization, insurance company, or utility.
(6) "Domicile" means the state of incorporation of a corporation and the
state of the principal place of business of an unincorporated person.
(7) "Financial organization" means a savings and loan association,
cooperative bank, building and loan association, investment company, or credit
union.
(8) "Holder" means a person, wherever organized or domiciled, who is:
(a) In possession of property belonging to another;
(b) A trustee; or
(c) Indebted to another on an obligation.
(9) "Insurance company" means an association, corporation, fraternal or
mutual benefit organization, whether or not for profit, which is engaged in
providing insurance coverage, including accident, burial, casualty, credit
life, contract performance, dental, fidelity, fire, health, hospitalization,
illness, life, including endowments and annuities, malpractice, marine,
mortgage, surety, and wage protection insurance.
(10) "Intangible property" includes:
(a) Monies, checks, drafts, deposits, interest, dividends, and income;
(b) Credit balances, customer overpayments, gift certificates, security
deposits, refunds, credit memos, unpaid wages, unused airline tickets, and
unidentified remittances;
(c) Stocks and other intangible ownership interests in business
associations;
(d) Amounts paid for tickets, passes or vouchers to gain entrance to a
scheduled event where the scheduled event was cancelled and not
rescheduled, and the owner of the tickets, passes or vouchers is entitled
to a refund in cash, services or merchandise;
(e) Monies deposited to redeem stocks, bonds, coupons, and other
securities, or to make distributions;
(f) Amounts due and payable under the terms of insurance policies;
(g) Amounts distributable from a trust or custodial fund established
under a plan to provide health, welfare, pension, vacation, severance,
retirement, death, stock purchase, profit sharing, employee savings,
supplemental unemployment insurance, or similar benefits; and
(h) Any interest created by a judgment entered in any court of competent
jurisdiction in favor of persons who are members of a class of persons
defined by the court entering the judgment.
(11) "Last known address" means a description of the location of the
apparent owner sufficient for the purpose of the delivery of mail.
(12) "Owner" means a depositor in the case of a deposit, a beneficiary in
case of a trust other than a deposit in trust, a creditor, claimant, or payee
in the case of other intangible property, or a person having a legal or
equitable interest in property subject to this act or his legal
representative.
(13) "Person" means an individual, business association, state or other
government, governmental subdivision or agency, public corporation, public
authority, estate, trust, two (2) or more persons having a joint or common
interest, or any other legal or commercial entity.
(14) "State" means any state, district, commonwealth, territory, insular
possession, or any other area subject to the legislative authority of the
United States.
(15) "Utility" means a person who owns or operates for public use any
plant, equipment, property, franchise, or license for the transmission of
communications or the production, storage, transmission, sale, delivery, or
furnishing of electricity, water, steam, or gas. |
