Effective 5/9/2017 67-4a-301. Address of apparent owner to establish priority. In this part, the following rules apply: (1) the last known address of an apparent owner is any description, code, or other indication of the location of the apparent owner that identifies the state, even if the description, code, or indication of location is not […]
Effective 5/9/2017 67-4a-302. Address of apparent owner in this state. The administrator may take custody of property that is presumed abandoned, whether located in this state, another state, or a foreign country if: (1) the last known address of the apparent owner in the records of the holder is in this state; or (2) the […]
Effective 5/9/2017 67-4a-303. If records show multiple addresses of apparent owner. (1) Except as in Subsection (2), if records of a holder reflect multiple addresses for an apparent owner and this state is the state of the most recently recorded address, this state may take custody of property presumed abandoned, whether located in this state […]
Effective 5/9/2017 67-4a-304. Holder domiciled in this state. (1) Except as in Subsection (2) or Section 67-4a-302 or 67-4a-303, the administrator may take custody of property presumed abandoned, whether located in this state, another state, or a foreign country, if the holder is domiciled in this state or is this state or a governmental subdivision, […]
Effective 5/9/2017 67-4a-305. Custody if transaction took place in this state. Except as in Section 67-4a-302, 67-4a-303, or 67-4a-304, the administrator may take custody of property presumed abandoned whether located in this state or another state if: (1) the transaction out of which the property arose took place in this state; (2) the holder is […]
Effective 5/9/2017 67-4a-306. Traveler’s check, money order, or similar instrument. The administrator may take custody of sums payable on a traveler’s check, money order, or similar instrument presumed abandoned to the extent permissible under 12 U.S.C. Secs. 2501 through 2503. Enacted by Chapter 371, 2017 General Session
Effective 5/9/2017 67-4a-307. Burden of proof to establish administrator’s right to custody. Subject to Part 4, Report by Holder, if the administrator asserts a right to custody of unclaimed property and there is a dispute concerning such property, the administrator has the initial burden to prove: (1) the existence and amount of the property; (2) […]
