§ 66-29-141. Public Sale of Property
Except as otherwise provided in § 66-29-154, not earlier than three (3) years after receipt of property that has been presumed abandoned, the treasurer may sell the property. A sale under subsection (a) must be preceded by notice to the public of: The date of the sale; and A reasonable description of the property. A […]
§ 66-29-142. Disposal of Securities
The treasurer shall sell or otherwise liquidate a security no sooner than thirty-two (32) months, but no later than thirty-six (36) months, after receiving the security and giving the apparent owner notice under § 66-29-130(b)(1) and (2) that the treasurer holds the security. The treasurer shall not sell a security listed on an established stock […]
§ 66-29-143. [reserved.]
A purchaser of property at a sale conducted by the treasurer under this part takes the property free of all claims of the owner, a previous holder, or a person making a claim through the owner or holder. The treasurer shall execute documents necessary to complete the transfer of ownership to the purchaser.
§ 66-29-145. Military Medal or Decoration
The treasurer, upon receiving military medals, shall hold and maintain the military medals until the original owner or the owner’s respective heirs or beneficiaries can be identified and the military medal returned. The treasurer shall not sell a military medal. The treasurer, with the consent of the respective organization under subdivision (c)(1), agency under subdivision […]
§ 66-29-146. Disposal of Funds by Treasurer
Except as otherwise provided in this section, the treasurer shall deposit in the general fund of the state all funds received under this part, including proceeds from the sale of property under this part. The treasurer shall maintain an account with an amount of funds the treasurer reasonably estimates to be sufficient to pay claims […]
§ 66-29-147. Retention of Records by Treasurer
The treasurer shall: Record and retain the name and last known address of each person shown on a report filed under § 66-29-123 to be the apparent owner of the property delivered to the treasurer; Record and retain the name and last known address of each insured or annuitant, and beneficiary, shown on the report; […]
§ 66-29-148. Deduction of Administrative Costs Before Deposit of Funds
Before making a deposit of funds received under this part to the general fund of the state, the treasurer may deduct administrative costs, including, but not limited to: Expenses of custody and disposition of abandoned property; Costs of mailing, publication, and any other outreach efforts in connection with abandoned property; Reasonable service charges; and Expenses […]
§ 66-29-149. Treasurer as Custodian of Property for Owner
Property received by the treasurer under this part is held in custody for the benefit of the owner and is not owned by the state.
§ 66-29-136. Recovery of Property by Holder From Treasurer
A holder that pays money to the treasurer under this part may claim reimbursement from the treasurer of the amount paid if the holder: Paid the money in error; or After paying the money to the treasurer, paid the money to a person the holder reasonably believed to be entitled to the money. If a […]
§ 66-29-137. Income or Gain Realized or Accrued on Property
If property other than money is delivered to the treasurer, the owner is entitled to receive from the treasurer income or gain realized or accrued on the property before the property is sold, including, if applicable, dividends, interest, or other increments. If the property was an interest-bearing demand, savings, or time deposit, the treasurer shall […]