Indiana holding money for Mellencamp, Larry Bird

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by Rachel Nix

WHAS11.com

Posted on November 15, 2009 at 6:24 PM

INDIANAPOLIS (AP) -- Indiana is holding about $385 million in its unclaimed property fund, some of which belongs to well-known Hoosiers like John Mellencamp and Larry Bird.

The Indianapolis Star reports that Pacers President Bird has $80 in unclaimed cash, while rock star Mellencamp has $828. Even some government agencies have unclaimed money being held by the state.

The state keeps unclaimed property for 25 years. The fund includes unpaid wages, old savings or checking accounts, stock dividends and insurance checks.

If the money is never collected, the state keeps it. That adds about $25 million each year to the general fund.

People can find money or property belonging to them at www.indianaunclaimed.com.

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