12-881. Conditions under which property escheats If the owner of property, without devise thereof and having no heirs, is absent from his domicile for five years successively and is not known to exist, the estate shall escheat to and vest in the state.
12-882. Duty of department of revenue regarding escheats; complaint and parties A. When the director of the department of revenue has reason to believe that property or estate has escheated to the state, he shall file a complaint in behalf of the state in the superior court of the county where such property or some […]
12-883. Summons; service and publication Upon filing of the complaint described in section 12-882, a summons shall issue, service thereof shall be made and the summons shall also be published in a newspaper in the manner and for the time provided for the service of summons in a civil action by publication, and the action […]
12-884. Judgment and costs A. If upon the trial it appears that the state has good title to all or any part of the property or estate described in the complaint, judgment shall be given that the state is seized or possessed thereof. A judgment for the state shall contain a description of the property […]
12-885. Seizure and sale of escheated property; disposal of proceeds; exception A. A writ shall be issued to the sheriff or a constable of the county where the property is situated, commanding the sheriff or constable to seize the property vested in the state. B. Except for personal property transferred to the Arizona state library, […]
12-886. Claim by heir, devisee or owner of proceeds from sale of escheated property If a person appears and claims any of the proceeds from the sale of escheated property as an heir or devisee, or as the owner who was absent for five years, he may file a claim to the proceeds with the […]
12-887. Determination of claims; appeal A. The department of revenue shall consider any claim filed under section 12-886 and may hold a hearing and receive evidence concerning it. If a hearing is held, the department of revenue shall prepare a finding and a decision in writing on each claim filed, stating the substance of any […]
12-888. Concurrent authority of the department of revenue A. The department of revenue shall have concurrent authority with the department of law as prescribed by subsection C of section 41-193. B. The department of revenue shall institute investigations for discovery of property which may have escheated or would escheat to the state, and for such […]
12-889. Escheated property; rules and regulations; salary A. The department of revenue shall administer the provisions of this article. B. The department of revenue may promulgate necessary rules and regulations to carry out the provisions of this article.
12-890. Agreement to recover property A. A written, signed agreement to pay for the recovery or for assistance in the recovery of property under this article is unenforceable if the fee or payment agreed on exceeds thirty per cent of the value of the recoverable property. B. Nothing in this section shall be construed to […]
