Section 43-41B-24.1 – Continuous appropriation of fund–Report–Approval of certain expenditures.
43-41B-24.1. Continuous appropriation of fund–Report–Approval of certain expenditures . Money in the unclaimed property trust fund for payment of costs and expenses authorized under §43-41B-24 is continuously appropriated for those purposes. Any expenditures shall be paid upon warrants drawn by the state auditor pursuant to vouchers authorized by the state treasurer. All funds paid out […]
Section 43-41B-41 – Rewards cards exempt.
43-41B-41. Rewards cards exempt. Notwithstanding §43-41B-40, the provisions of this chapter do not apply to any rewards card. For the purposes of §§43-41B-40 to 43-41B-42, inclusive, a rewards card is any awards, rewards, rebate, loyalty, incentive, or promotional card for which no money was paid by the cardholder. Source: SL 2010, ch 215, §2.
Section 43-41B-25 – Filing claim with administrator–Handling of claims by administrator.
43-41B-25. Filing claim with administrator–Handling of claims by administrator. (a) A person, excluding another state, claiming an interest in any property paid or delivered to the administrator may file a claim on a form prescribed by the administrator and verified by the claimant. (b) The administrator shall consider each claim within one hundred eighty days […]
Section 43-41B-42 – Unredeemed gift certificates, closed-loop cards, open-loop cards, and rewards cards not subject to state claim.
43-41B-42. Unredeemed gift certificates, closed-loop cards, open-loop cards, and rewards cards not subject to state claim. Any unredeemed gift certificate or closed-loop card that meets the requirements of §43-41B-43 or any open-loop prepaid card or rewards card is subject only to any rights of a purchaser or owner of the gift certificate or card and […]
Section 43-41B-26 – Claim of another state to recover property–Procedure.
43-41B-26. Claim of another state to recover property–Procedure. (a) At any time after property has been paid or delivered to the administrator under this chapter another state may recover the property if: (1)The property was subjected to custody by this state because the records of the holder did not reflect the last known address of […]
Section 43-41B-43 – Certain gift certificates and closed-loop prepaid cards exempt.
43-41B-43. Certain gift certificates and closed-loop prepaid cards exempt. The provisions of this chapter do not apply to any gift certificate or closed-loop prepaid card that has no expiration date and that is not subject to a dormancy, inactivity, or service fee. For purposes of this chapter, a closed-loop prepaid card is an electronic payment […]
Section 43-41B-27 – Action to establish claim.
43-41B-27. Action to establish claim. A person aggrieved by a decision of the administrator or whose claim has not been acted upon within ninety days after its filing may bring an action to establish the claim in the circuit court, naming the administrator as a defendant. The action must be brought within ninety days after […]
Section 43-41B-28 – Election to take payment or delivery.
43-41B-28. Election to take payment or delivery. (a) The administrator may decline to receive any property reported under this chapter which he 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 notified. (b) A […]
Section 43-41B-29 – Destruction or disposition of property having insubstantial commercial value–Immunity from liability.
43-41B-29. Destruction or disposition of property having insubstantial commercial value–Immunity from liability. If the administrator determines after investigation that any property delivered under this chapter 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 […]
Section 43-41B-16 – Wages.
43-41B-16. Wages. Unpaid wages, including wages represented by unpresented payroll checks, owing in the ordinary course of the holder’s business which remains unclaimed by the owner for more than one year after becoming payable are presumed abandoned. Source: SL 1992, ch 312, §15.