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5-2-6.3-3. Payment of proceeds to division; notice to victims and escrow of money

IN Code § 5-2-6.3-3 (2019) (N/A)
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Sec. 3. (a) If:

(1) a responsible party derives income or other proceeds directly or indirectly from a felony of which the responsible party has been accused or convicted:

(A) the responsible party; or

(B) any other person that possesses or controls the income or proceeds;

shall transfer ninety percent (90%) of the income or proceeds to the division; and

(2) a person contracts with a responsible party after August 31, 1982, for:

(A) the publication of;

(B) the broadcasting of; or

(C) a speaking engagement in which the responsible party speaks about;

the responsible party's thoughts, feelings, opinions, or emotions regarding a felony of which the responsible party has been accused or convicted, the person shall submit a copy of the contract to the division and shall pay to the division ninety percent (90%) of the money that would otherwise, by terms of the contract, be owed to the responsible party.

(b) The division shall do the following:

(1) Notify:

(A) all victims of the felony for which the responsible party has been accused or convicted; or

(B) if a victim is deceased, the victim's heirs;

that the responsible party has entered into a contract described in subsection (a).

(2) Deposit the money under subsection (a) in a separate interest bearing escrow account.

(3) Only make distributions from the account in accordance with this chapter.

As added by P.L.47-1993, SEC.3. Amended by P.L.60-1995, SEC.1.

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5-2-6.3-3. Payment of proceeds to division; notice to victims and escrow of money