§ 66-29-131. Cooperation Among State Officers and Agencies to Locate Apparent Owner
Unless otherwise prohibited by any law of this state, on request of the treasurer, each officer, agency, board, commission, division, and department of this state, any body, politic and corporate, created by this state for a public purpose, and each political subdivision of this state shall make its books and records available to the treasurer […]
§ 66-29-132. Good Faith Payment or Delivery of Property by Holder
Under this part, payment or delivery of property is made in good faith if a holder: Had a reasonable basis for believing, based on the facts then known, that the property was required or permitted to be paid or delivered to the treasurer under this part; or Made payment or delivery: In response to a […]
§ 66-29-133. Dormancy Charge
A holder may deduct a dormancy charge from property required to be paid or delivered to the treasurer if: A valid and enforceable contract between a holder and an apparent owner authorizes imposition of the charge for the apparent owner’s failure to claim the property within a specified time; and The holder regularly imposes the […]
§ 66-29-134. Payment or Delivery of Property to Treasurer
Except as otherwise provided in this section, upon filing a report under § 66-29-123, the holder shall pay or deliver to the treasurer the property described in the report. Property paid to the treasurer must be remitted through an electronic funds transfer as prescribed by the treasurer. The treasurer may waive the requirement to submit […]
§ 66-29-135. Effect of Payment or Delivery of Property to Treasurer
On payment or delivery of property to the treasurer under this part, the treasurer, as agent for the state, assumes custody and responsibility for the safekeeping of the property. A holder that pays or delivers property to the treasurer in good faith and who has complied with §§ 66-29-128 and 66-29-129 is relieved of liability […]
§ 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 […]
§ 66-29-138. Treasurer’s Options as to Custody
The treasurer may decline to take custody of property reported under § 66-29-123 if the treasurer determines that: The property has a value less than the estimated expenses of notice and sale of the property; or Taking custody of the property would be unlawful. A holder may pay or deliver property to the treasurer before […]
§ 66-29-123. Report Required by Holder
A holder of property presumed abandoned and subject to the custody of the treasurer shall report in a record to the treasurer concerning the property. The report must be filed through an electronic medium in a manner prescribed by the treasurer. The treasurer may waive the requirement to file the report through an electronic medium […]
§ 66-29-124. Content of Report
The report required under § 66-29-123 must: Be signed by or on behalf of the holder and verified as to its completeness and accuracy; If filed electronically, be in a secure format approved by the treasurer; Describe the property; Except for the report of a traveler’s check, money order, or similar instrument, contain, if known […]