Section 14-542 – EXEMPTION.
14-542. EXEMPTION. (1) The following shall be eligible for a certificate of exemption from the administrator. Entities holding a certificate of exemption shall not be subject to the provisions of this chapter, except as set forth in this section: (a) Idaho counties; and (b) Solely for the purpose of unclaimed capital credits, nonprofit corporations engaged […]
Section 14-543 – SUCCESSORS’ LIABILITY.
14-543. SUCCESSORS’ LIABILITY. (1) If any holder possessing unclaimed property under this act sells out its business or stock of goods, the purchaser of the business or stock of goods shall make inquiry of the administrator and withhold from the purchase price any amount of unclaimed property that may be due under this chapter until […]
Section 14-540 – UNIFORMITY OF APPLICATION AND CONSTRUCTION.
14-540. UNIFORMITY OF APPLICATION AND CONSTRUCTION. This act shall be applied and construed as to effectuate its general purpose to make uniform the law with respect to the subject of this act among states enacting it. History: [14-540, added 1983, ch. 209, sec. 2, p. 582.]
Section 14-541 – SHORT TITLE.
14-541. SHORT TITLE. This chapter may be cited as the "Uniform Unclaimed Property Act." History: [14-541, added 1983, ch. 209, sec. 2, p. 582.]
Section 14-525 – CLAIM OF ANOTHER STATE TO RECOVER PROPERTY — PROCEDURE.
14-525. CLAIM OF ANOTHER STATE TO RECOVER PROPERTY — PROCEDURE. (1) At any time after property has been paid or delivered to the administrator under this chapter, another state may recover the property if: (a) The property was subjected to custody by this state because the records of the holder did not reflect the last […]
Section 14-526 – ACTION TO ESTABLISH CLAIM.
14-526. ACTION TO ESTABLISH CLAIM. A person aggrieved by a denial of a claim by the administrator or whose claim has not been acted upon within the time provided in subsection (2) of section 14-524, Idaho Code, may obtain a redetermination as provided in section 63-3045, Idaho Code, by filing a written protest with the […]
Section 14-527 – ELECTION TO TAKE PAYMENT OR DELIVERY.
14-527. ELECTION TO TAKE PAYMENT OR DELIVERY. (1) The administrator may decline to receive any property reported under the provisions of this chapter which it considers to have a value less than the expense of giving notice and of sale. If the administrator elects not to receive custody of the property, the holder shall be […]
Section 14-528 – DESTRUCTION OR DISPOSITION OF PROPERTY HAVING INSUBSTANTIAL COMMERCIAL VALUE — IMMUNITY FROM LIABILITY.
14-528. DESTRUCTION OR DISPOSITION OF PROPERTY HAVING INSUBSTANTIAL COMMERCIAL VALUE — IMMUNITY FROM LIABILITY. If the administrator determines after investigation that any delivered property has insubstantial commercial value, the administrator may destroy or otherwise dispose of the property at any time. No action or proceeding may be maintained against the state or any officer or […]
Section 14-529 – PERIODS OF LIMITATION.
14-529. PERIODS OF LIMITATION. (1) The expiration, before or after the effective date of this act, of any period of time specified by contract, statute, or court order, during which a claim for money or property can be made or during which an action or proceeding may be commenced or enforced to obtain payment of […]
Section 14-530 – REQUESTS FOR REPORTS AND EXAMINATION OF RECORDS.
14-530. REQUESTS FOR REPORTS AND EXAMINATION OF RECORDS. (1) The administrator may require any person who has not filed a report to file a verified report stating whether or not the person is holding any unclaimed property reportable or deliverable under this chapter. (2) The administrator, at reasonable times and upon reasonable notice, may examine […]