Section 43-41B-5 – Checks, drafts and similar instruments issued or certified by banking and financial organizations.
43-41B-5. Checks, drafts and similar instruments issued or certified by banking and financial organizations. (a) Any sum payable on a check, draft, or similar instrument, except those subject to §43-41B-4, on which a banking or financial organization is directly liable, including a cashier’s check and a certified check, which has been outstanding for more than […]
Section 43-41B-6 – Bank deposits and funds in financial organizations.
43-41B-6. Bank deposits and funds in financial organizations. (a) Any demand, savings, or matured time deposit with a banking or financial organization, including a deposit that is automatically renewable, and any funds paid toward the purchase of a share, a mutual investment certificate, or any other interest in a banking or financial organization is presumed […]
Section 43-41B-7 – Funds owing under life insurance.
43-41B-7. Funds owing under life insurance. (a) Funds held or owing under any life or endowment insurance policy or annuity contract that has matured or terminated are presumed abandoned if unclaimed for more than three years after the funds became due and payable as established from the records of the insurance company holding or owing […]
Section 43-41B-8 – Deposits held by utilities.
43-41B-8. Deposits held by utilities. Any deposit, including any interest thereon, made by a subscriber with a utility to secure payment for or any sum paid in advance for utility services to be furnished in this state, less any lawful deductions, is presumed abandoned if it has remained unclaimed by the person appearing on the […]
Section 43-41B-9 – Refunds held by business associations.
43-41B-9. Refunds held by business associations. Except to the extent otherwise ordered by the court or administrative agency, any sum that a business association has been ordered to refund by a court or administrative agency which has remained unclaimed by the owner for more than one year after it became payable in accordance with the […]
Section 43-41B-10 – Stock and other intangible interests in business associations.
43-41B-10. Stock and other intangible interests in business associations. (a) Except as provided in subsections (b) and (e), stock or other intangible ownership interest in a business association, the existence of which is evidenced by records available to the association, is presumed abandoned and, with respect to the interest, the association is the holder, if […]
Section 43-41B-11 – Property of business associations held in course of dissolution.
43-41B-11. 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 for more than one year after the date specified for final distribution is presumed abandoned. Source: SL 1992, ch 312, §11.
Section 43-41B-13 – Property held by agents and fiduciaries.
43-41B-13. Property held by agents and fiduciaries. (a) Intangible property and any income or increment derived therefrom held by fiduciaries and agents for the benefit of another person is presumed abandoned unless the owner, within three years after it has become payable or distributable, has increased or decreased the principal, accepted payment of principal or […]
Section 43-41B-14 – Property held by courts and public agencies.
43-41B-14. Property held by courts and public agencies. Intangible property held for the owner by a court, federal, state, or other government, governmental subdivision or agency or entity, public corporation, public authority, or public officer of this state which remains unclaimed by the owner for more than one year after becoming payable or distributable is […]
Section 43-41-9 – Manner of selling thing found by finder.
43-41-9. Manner of selling thing found by finder. A sale under the provisions of §43-41-8 must be made in the same manner as the sale of a thing pledged. Source: CivC 1877, §1070; CL 1887, §3694; RCivC 1903, §1390; RC 1919, §1013; SDC 1939, §60.0207.