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Bill > HB1079

IN HB1079

IN HB1079
Property matters.

summary

Introduced
01/08/2025
In Committee
03/20/2025
Crossed Over
02/21/2025
Passed
03/26/2025
Dead
Signed/Enacted/Adopted
05/01/2025

Introduced Session

2025 Regular Session

Bill Summary

Property matters. Provides that if a tenant does not claim the tenant's property within 45 days after receiving a certain notice, a warehouseman or storage facility may sell the tenant's property (current law requires a warehouseman or storage facility to wait 90 days).

AI Summary

This bill modifies existing Indiana law regarding storage facilities and tenant property by reducing the waiting period for selling unclaimed property from 90 days to 45 days. Specifically, the bill allows a warehouseman (a person or business that stores goods for others) or storage facility to sell a tenant's stored property if the tenant does not claim it within 45 days after receiving a notice, which is a shorter timeframe compared to the current 90-day requirement. The change is set to take effect on July 1, 2025, and aims to provide storage facilities with more flexibility in managing unclaimed property. By shortening the waiting period, the bill may help storage facilities more quickly resolve situations where tenants have abandoned their stored items, potentially reducing storage costs and administrative burdens for these businesses.

Committee Categories

Justice

Sponsors (5)

Last Action

Public Law 154 (on 05/01/2025)

bill text

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bill summary

Document Type Source Location
State Bill Page https://iga.in.gov/legislative/2025/bills/house/1079/details
Fiscal Note #1: Senate Enrolled https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1079/fiscal-notes/HB1079.04.ENRS.FN001.pdf
BillText https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1079/HB1079.04.ENRS.pdf
Fiscal Note #3: Senate Comm Sub https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1079/fiscal-notes/HB1079.03.COMS.FN003.pdf
Fiscal Note #2: Senate Comm Sub https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1079/fiscal-notes/HB1079.03.COMS.FN002.pdf
BillText https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1079/HB1079.03.COMS.pdf
Fiscal Note #1: Senate Comm Sub https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1079/fiscal-notes/HB1079.03.COMS.FN001.pdf
Senate Committee Report https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1079/committee-reports/HB1079.02.COMH.CRS001.pdf
Vote Sheet March 19, 2025 https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1079/votesheets/HB1079.02.COMH.03.pdf
Senate Judiciary Amendment #7 https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1079/committee-amendments/amendments/HB1079.02.COMH.AMS07.pdf
Senate Judiciary Amendment #7 https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1079/committee-amendments/drafts/AM107907.pdf
Fiscal Note #3: House Comm Sub https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1079/fiscal-notes/HB1079.02.COMH.FN003.pdf
Fiscal Note #2: House Comm Sub https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1079/fiscal-notes/HB1079.02.COMH.FN002.pdf
Fiscal Note #1: House Comm Sub https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1079/fiscal-notes/HB1079.02.COMH.FN001.pdf
BillText https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1079/HB1079.02.COMH.pdf
House Committee Report https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1079/committee-reports/HB1079.01.INTR.CRH001.pdf
Vote Sheet February 17, 2025 https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1079/votesheets/HB1079.01.INTR.12.pdf
House Judiciary Amendment #5 https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1079/committee-amendments/amendments/HB1079.01.INTR.AMH05.pdf
BillText https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1079/HB1079.01.INTR.pdf
Fiscal Note #1: Introduced https://iga.in.gov/pdf-documents/124/2025/house/bills/HB1079/fiscal-notes/HB1079.01.INTR.FN001.pdf
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