Section 14-511 – PROPERTY OF BUSINESS ASSOCIATIONS HELD IN COURSE OF DISSOLUTION.
14-511. PROPERTY OF BUSINESS ASSOCIATIONS HELD IN COURSE OF DISSOLUTION. Intangible property distributable in the course of a dissolution of a business association which remains unclaimed by the owner will be remitted as unclaimed property on the date of final distribution. History: [14-511, added 1983, ch. 209, sec. 2, p. 571; am. 1989, ch. 99, […]
Section 14-512 – PROPERTY HELD BY AGENTS AND FIDUCIARIES.
14-512. PROPERTY HELD BY AGENTS AND FIDUCIARIES. (1) Intangible property and any income or increment derived therefrom held in a fiduciary capacity for the benefit of another person is presumed abandoned unless the owner, within five (5) years after it has become payable or distributable, has increased or decreased the principal, accepted payment of principal […]
Section 14-513 – PROPERTY HELD BY COURTS AND PUBLIC AGENCIES.
14-513. PROPERTY HELD BY COURTS AND PUBLIC AGENCIES. (1) Intangible property held for the owner by a court, state or other government, governmental subdivision or agency, public corporation, or public authority which remains unclaimed by the owner for more than one (1) year after becoming payable or distributable is presumed abandoned. (2) If witness and […]
Section 14-514 – GIFT CERTIFICATES AND CREDIT MEMOS.
14-514. GIFT CERTIFICATES AND CREDIT MEMOS. (1) A gift certificate without an expiration date prominently displayed on its face or a credit memo issued in the ordinary course of an issuer’s business which remains unclaimed by the owner for more than five (5) years after becoming payable or distributable is presumed abandoned. (2) In the […]
Section 14-103 – AUTHORITY PRIOR TO APPOINTMENT — PROCUREMENT OF LETTERS.
14-103. AUTHORITY PRIOR TO APPOINTMENT — PROCUREMENT OF LETTERS. When a county treasurer is entitled to administer an estate as public administrator, prior to appointment he is authorized to act on behalf of the estate to identify, secure, protect and take charge of all tangible and intangible assets, including incurring reasonable expenses for those purposes, […]
Section 14-104 – DEATH OF INTESTATE STRANGER — PUBLIC ADMINISTRATOR TO BE NOTIFIED.
14-104. DEATH OF INTESTATE STRANGER — PUBLIC ADMINISTRATOR TO BE NOTIFIED. Whenever a stranger, or person without known heirs, dies intestate in the house or on the premises of another, the possessor of such premises, or anyone knowing the facts, must give notice thereof to the public administrator of the county within seventy-two (72) hours […]
Section 14-105 – INVENTORY BY PUBLIC ADMINISTRATOR — PROCEDURES AND DISTRIBUTION OF RESIDUAL.
14-105. INVENTORY BY PUBLIC ADMINISTRATOR — PROCEDURES AND DISTRIBUTION OF RESIDUAL. (1) The public administrator must make and return an inventory of all assets of estates taken into his possession, less debts of the decedent and projected costs of administration. Such net inventory must include all assets present or ascertainable at the time he takes […]
Section 14-106 – DELIVERY OF ESTATE TO EXECUTOR.
14-106. DELIVERY OF ESTATE TO EXECUTOR. If, at any time, letters testamentary or letters of administration are regularly granted to any other person on an estate of which the public administrator has charge, the public administrator must, under the order of the magistrate court, account for, pay, and deliver to the executor or administrator thus […]
Section 14-107 – OFFICIALS TO NOTIFY ADMINISTRATOR OF DECEDENT’S PROPERTY.
14-107. OFFICIALS TO NOTIFY ADMINISTRATOR OF DECEDENT’S PROPERTY. All public officials shall, within seventy-two (72) hours of knowledge of a death and upon verification of no legal next of kin or administrator of the decedent’s estate, inform the public administrator of and make available to him all property known to them belonging to a decedent […]
Section 14-108 – SUITS TO RECOVER PROPERTY.
14-108. SUITS TO RECOVER PROPERTY. The public administrator must institute all suits and prosecutions necessary to recover the property, debts, papers or other estate of the decedent. History: [(14-108) 1881, p. 294, sec. 6; R.S., R.C., & C.L., sec. 5687; C.S., sec. 7782; I.C.A., sec. 15-1608; am. 1971, ch. 111, sec. 6, p. 233.]