Retention of acquired personal property.
Indianapolis-Marion County Revised Code § 951-108
in effectSec. 951-108. - Retention of acquired personal property.
All personal property received by a licensee under this article shall be held intact by the licensee for at least seven (7) business days after the licensee has mailed a copy of the record required to be maintained under state law, which details the item of personal property received, to the local law enforcement agency having jurisdiction over the location of his place of business. Whenever any licensee receives written notice, either from the local law enforcement agency or from an individual, that someone is maintaining a claim of right to possession of the personal property adverse to the licensee, the licensee shall keep the personal property in his possession for thirty (30) days or turn it over to the local law enforcement agency if so required by the local law enforcement agency. Once notice of an adverse claim to the article has been given under this section, the article shall be held for thirty (30) days, during which legal proceedings may be commenced to determine who is entitled to the property. If the matter is not settled or legal proceedings have not been commenced within thirty (30) days, the property shall be returned to the pawnbroker by the local law enforcement agency if held by them.
(G.O. 21, 1995, § 1)
Source: Consolidated City of Indianapolis and Marion County, Revised Code (Municode Library, library.municode.com)URL: https://library.municode.com/in/indianapolis_-_marion_county/codes/code_of_ordinances?nodeId=TITIVBUCORELI_CH951PADESEGOFLMASADESASCMEDEPRME_ARTIPA_S951-108REACPEPRFetched: 10/27/2026