Tracking down a safety deposit, responsability

[Clayton Hutton]

Afternoon,

   I recently purchased a property in Indianapolis. It came with a tenant on a month to month lease. I started trying to track down if this tenant had a deposit in place, but there isn't a record from what I can tell, at least with the previous property manager who doubled as the listing agent. If there's no record, and I got this property and the previous owner didn't return it, who does this fall on? am I obligated to pay this out if they leave? Is it not my problem per the law?

Thanks for any help or direction in advance.

Clayton