(1) The youth court may order the sealing of records involving children: if the child who was the subject of the cause has attained twenty (20) years of age;
(2) if the youth court dismisses the cause; or
(3) if the youth court sets aside an adjudication in the cause.
(4) The youth court may, at any time, upon its own motion or upon application of a party to a youth court cause, order the sealing or unsealing of the records involving children.