312 IAC 6-2-2 "Abandoned shipwreck" defined

Sec. 2. "Abandoned shipwreck" means a shipwreck to which title has been given up by the owner with the intent of never claiming a right or interest in the future. An intention to give up title may be demonstrated where an owner: (1) takes steps to collect insurance or pay a salvage award to a person who salvages the vessel's cargo; or (2) takes no action after a wreck incident to recovering or removing the vessel and its cargo.