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 14-528 – 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 […]
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 […]