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 14-542 – 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 14-530 – 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 […]
Section 14-531 – RETENTION OF RECORDS.
14-531. RETENTION OF RECORDS. (1) Every holder of unclaimed property under this chapter, as to any property for which it has obtained the last known address of the owner, shall maintain a record of the name and last known address of the owner for seven (7) years after the year in which the property becomes […]
Section 14-532 – ENFORCEMENT — ACTIONS TO ENFORCE UNCLAIMED PROPERTY LAW — ADMINISTRATIVE RULES.
14-532. ENFORCEMENT — ACTIONS TO ENFORCE UNCLAIMED PROPERTY LAW — ADMINISTRATIVE RULES. (1) The collection and enforcement procedures provided by the Idaho income tax act, sections 63-3038, 63-3039, and 63-3042 through 63-3065A, Idaho Code, but excluding section 63-3045(7), Idaho Code, shall apply and be available to the state treasurer for enforcement of the provisions of […]
Section 14-533 – INTEREST AND PENALTIES.
14-533. INTEREST AND PENALTIES. (1) Upon the administrator’s showing by a preponderance of evidence that a holder has failed to pay or deliver property within the time prescribed in this chapter, the holder shall pay to the administrator interest at the annual rate of twelve percent (12%) on the property or value thereof from the […]
Section 14-534 – STATE HISTORICAL SOCIETY USE OF PROPERTY.
14-534. STATE HISTORICAL SOCIETY USE OF PROPERTY. The director of the state historical society may examine any tangible personal property delivered to the state treasurer under this chapter for purposes of determining whether such property is of sufficient historical value that it should be preserved. If he so determines, the state treasurer may deliver such […]
Section 14-519 – PAYMENT OR DELIVERY OF ABANDONED PROPERTY.
14-519. PAYMENT OR DELIVERY OF ABANDONED PROPERTY. (1) Except as otherwise provided in this section, and subsection (2) of section 14-508, Idaho Code, a person who is required to file a report under section 14-517, Idaho Code, shall pay or deliver to the administrator all abandoned property together with the report required under section 14-517, […]