How to find that Mutex in C# is acquired?

How can I find from mutex handle in C# that a mutex is acquired?

When mutex.WaitOne(timeout) timeouts, it returns false. However, how can I find that from the mutex handle? (Maybe using p/invoke.)

:

public class InterProcessLock : IDisposable
{
    readonly Mutex mutex;

    public bool IsAcquired { get; private set; }

    public InterProcessLock(string name, TimeSpan timeout)
    {
        bool created;
        var security = new MutexSecurity();
        security.AddAccessRule(new MutexAccessRule(new SecurityIdentifier(WellKnownSidType.WorldSid, null), MutexRights.Synchronize | MutexRights.Modify, AccessControlType.Allow));
        mutex = new Mutex(false, name, out created, security);
        IsAcquired = mutex.WaitOne(timeout);
    }

    #region IDisposable Members

    public void Dispose()
    {
        if (IsAcquired)
        {
            mutex.ReleaseMutex();
            IsAcquired = false;
        }
    }

    #endregion
}

Currently, I am using my own property IsAcquired to determine whether I should release a mutex. Not essential but clearer, would be not to use a secondary copy of the information represented by IsAcquired property, but rather to ask directly the mutex whether it is acquired by me. Since calling mutex.ReleaseMutex() throws an exception if it is not acquired by me.

(By state I mean that the mutex is in state when I am the mutex.)

(EDIT: I have added IsAcquired = false; thanks to mattdekrey's post.)