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.
Section 43-41B-17 – Contents of safe deposit box or other safekeeping repository–U.S. savings bonds.
43-41B-17. Contents of safe deposit box or other safekeeping repository–U.S. savings bonds. Any tangible and intangible property held in a safe deposit box or any other safekeeping repository or agency or collateral deposit box in this state in the ordinary course of the holder’s business and proceeds resulting from the sale of the property permitted […]
Section 43-41B-18 – Report of abandoned property.
43-41B-18. Report of abandoned property. (a) A person holding property tangible or intangible, presumed abandoned and subject to custody as unclaimed property under this chapter shall report to the administrator concerning the property as provided in this section. The expiration of any period of time specified by statute or court order, during which an action […]
Section 43-41B-19 – Notice and publication of names of persons appearing to be owners of unclaimed property.
43-41B-19. Notice and publication of names of persons appearing to be owners of unclaimed property. (a) The administrator shall cause a notice to be published at least once in a newspaper of general circulation in the county of this state in which is located the last known address of any person to be named in […]
Section 43-41B-20 – Payment or delivery of abandoned property.
43-41B-20. Payment or delivery of abandoned property. (a) Except as otherwise provided in subsections (b) and (c) of this section, a person who is required to file a report under this chapter shall, at the same time as the final date for filing the report as required, pay or deliver to the administrator all abandoned […]
Section 43-41B-21 – Custody by state–Holder relieved from liability–Reimbursement of holder paying claim–Reclaiming for owner–Defense of holder–Payment of safe deposit box or repository charges.
43-41B-21. Custody by state–Holder relieved from liability–Reimbursement of holder paying claim–Reclaiming for owner–Defense of holder–Payment of safe deposit box or repository charges. (a) Upon the payment or delivery of property to the administrator, the state assumes custody and responsibility for the safekeeping of the property. A person who pays or delivers property to the administrator […]
Section 43-41B-22 – Crediting of dividends, interest, or increments to owner’s account .
43-41B-22. Crediting of dividends, interest, or increments to owner’s account. Whenever property other than money is paid or delivered to the administrator under this chapter, the owner is entitled to receive from the administrator any dividends, interest, or other increments realized or accruing on the property at or before liquidation or conversion thereof into money. […]
Section 43-41B-23 – Public sale of abandoned property.
43-41B-23. Public sale of abandoned property. (a) No earlier than three years after the receipt of abandoned property, the administrator shall sell the property to the highest bidder at a public sale or by means of an internet auction, depending on which method of sale the administrator determines affords the most favorable market for the […]
Section 43-41B-23.1 – Sale of securities, stocks, bonds, and other intangible ownership interests.
43-41B-23.1. Sale of securities, stocks, bonds, and other intangible ownership interests. All securities, stocks, bonds, or other intangible ownership interests in business associations held by the Unclaimed Property Division with any value shall be sold after March 10, 2017. Source: SL 2017, ch 190, §3, eff. Mar. 10, 2017.
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 […]