Bill > H0471

Introduced Session

RELATING TO THE REVISED UNCLAIMED PROPERTY ACT; REPEALING CHAPTER 5, TITLE 14, IDAHO CODE, RELATING TO THE UNCLAIMED PROPERTY ACT; AMENDING TITLE 14, IDAHO CODE, BY THE ADDITION OF A NEW CHAPTER 5, TITLE 14, IDAHO CODE, TO PROVIDE A SHORT TITLE, TO DEFINE TERMS, TO CLARIFY APPLICABILITY, TO PROVIDE RULEMAKING AUTHORITY, TO ESTABLISH PROVISIONS REGARDING PRESUMPTIONS OF WHEN CERTAIN PROPERTY IS ABANDONED, TO PROVIDE A PRE- SUMPTION OF ABANDONMENT FOR A TAX-DEFERRED RETIREMENT ACCOUNT, TO PROVIDE A PRESUMPTION OF ABANDONMENT FOR OTHER TAX-DEFERRED ACCOUNTS, TO PROVIDE A PRESUMPTION OF ABANDONMENT FOR CUSTODIAL ACCOUNTS FOR MINORS, TO PROVIDE A PRESUMPTION OF ABANDONMENT FOR THE CONTENTS OF SAFE DEPOSIT BOXES, TO PROVIDE A PRESUMPTION OF ABANDONMENT FOR STORED VALUE CARDS, TO PROVIDE A PRESUMPTION OF ABANDONMENT FOR SECURITIES, TO PROVIDE A PRESUMPTION OF ABANDONMENT FOR RELATED PROPERTY, TO ESTAB- LISH PROVISIONS REGARDING AN INDICATION OF APPARENT OWNER INTEREST IN PROPERTY, TO ESTABLISH PROVISIONS REGARDING KNOWLEDGE OF DEATH OF AN INSURED OR AN ANNUITANT, TO ESTABLISH PROVISIONS REGARDING A CERTAIN DEPOSIT ACCOUNT, TO ESTABLISH PROVISIONS REGARDING A HOLDING PERIOD, TO ESTABLISH PROVISIONS REGARDING THE ADDRESS OF AN APPARENT OWNER, TO ESTABLISH PROVISIONS REGARDING THE ADDRESS OF AN APPARENT OWNER IN IDAHO, TO ESTABLISH PROVISIONS REGARDING MULTIPLE ADDRESSES OF AN AP- PARENT OWNER, TO ESTABLISH PROVISIONS REGARDING A HOLDER DOMICILED IN IDAHO, TO ESTABLISH PROVISIONS REGARDING CUSTODY IF A TRANSACTION OC- CURRED IN IDAHO, TO ESTABLISH PROVISIONS REGARDING A TRAVELER'S CHECK, MONEY ORDER, OR SIMILAR INSTRUMENT, TO PROVIDE FOR A CERTAIN REPORT, TO PROVIDE FOR CONTENT OF THE REPORT, TO PROVIDE FOR FILING OF THE REPORT, TO PROVIDE FOR RECORDS RETENTION, TO ESTABLISH PROVISIONS REGARDING REPORTABLE OR DELIVERABLE PROPERTY, TO PROVIDE FOR AN EXEMPTION, TO PROVIDE FOR NOTICE TO THE APPARENT OWNER, TO PROVIDE FOR CONTENTS OF THE NOTICE, TO PROVIDE FOR NOTICE BY THE ADMINISTRATOR, TO PROVIDE FOR COOPERATION AMONG STATE OFFICERS AND AGENCIES, TO DEFINE A TERM, TO PROVIDE FOR A DORMANCY CHARGE, TO PROVIDE FOR PAYMENT OR DELIVERY OF PROPERTY TO THE ADMINISTRATOR, TO ESTABLISH PROVISIONS REGARDING THE EFFECT OF PAYMENT OR DELIVERY, TO PROVIDE FOR RECOVERY OF PROPERTY, TO ESTABLISH PROVISIONS REGARDING PROPERTY REMOVED FROM A SAFE DEPOSIT BOX, TO ESTABLISH PROVISIONS REGARDING CREDITING INCOME OR GAIN TO AN OWNER'S ACCOUNT, TO PROVIDE FOR OPTIONS AS TO CUSTODY, TO PROVIDE FOR DISPOSITION OF PROPERTY HAVING NO SUBSTANTIAL VALUE AND TO PROVIDE FOR CERTAIN IMMUNITY, TO PROVIDE FOR PERIODS OF LIMITATION AND REPOSE, TO PROVIDE FOR PUBLIC SALE OF CERTAIN PROPERTY, TO PROVIDE FOR DISPOSAL OF SECURITIES, TO PROVIDE FOR RECOVERY OF SECURITIES, TO PROVIDE FOR OWNERSHIP FOLLOWING A SALE, TO ESTABLISH PROVISIONS REGARDING MILI- TARY MEDALS OR DECORATIONS, TO PROVIDE FOR THE DISPOSITION OF MONEY RECEIVED, TO PROVIDE FOR RECORDS RETENTION, TO PROVIDE FOR PROPERTY HELD BY THE ADMINISTRATOR, TO ESTABLISH PROVISIONS REGARDING CLAIMS OF OTHER STATES, TO ESTABLISH PROVISIONS REGARDING PROPERTY SUBJECT TO RECOVERY BY ANOTHER STATE, TO ESTABLISH PROVISIONS REGARDING CLAIMS BY PERSONS CLAIMING TO

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Reported Signed by Governor on March 11, 2024 Session Law Chapter 27 Effective: 07/01/2024 (on 03/12/2024)

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