(a) The Treasurer may enter into an agreement with another state to exchange information relating to abandoned property or its possible existence. The agreement may permit the other state, or another person acting on behalf of a state, to examine records as authorized in Section 35-12-89. The Treasurer, by rule, may require the reporting of information needed to enable compliance with an agreement made under this section and prescribe the form.
(b) The Treasurer may join with another state to seek enforcement of this article against any person who is or may be holding property reportable under this article.
(c) At the request of another state, the Attorney General of this state may maintain an action on behalf of the other state to enforce, in this state, the unclaimed property laws of the other state against a holder of property subject to escheat or a claim of abandonment by the other state, if the other state has agreed to pay expenses incurred by the Attorney General in maintaining the action.
(d) The Attorney General of this state may request the attorney general of another state or another attorney commence an action in the other state on behalf of the Treasurer. With the approval of the Attorney General of this state, the Treasurer may retain any other attorney to commence an action in this state on behalf of the Treasurer. This state shall pay all expenses, including attorney's fees, in maintaining an action under this subsection. With the Treasurer's approval, the expenses and attorney's fees may be paid from money received under this article. Any expenses or attorney's fees paid under this subsection may not be deducted from the amount that is subject to the claim by the owner under this article.
Structure Code of Alabama
Chapter 12 - Lost or Unclaimed Property.
Article 2 - Uniform Disposition of Unclaimed Property Act.
Article 2A - Uniform Disposition of Unclaimed Property Act of 2004.
Section 35-12-70 - Short Title.
Section 35-12-71 - Definitions.
Section 35-12-72 - Presumption of Abandonment.
Section 35-12-73 - Exemptions.
Section 35-12-74 - Rules for Taking Custody.
Section 35-12-75 - Dormancy Charges.
Section 35-12-76 - Report of Abandoned Property.
Section 35-12-77 - Payment or Delivery of Abandoned Property.
Section 35-12-78 - Notification of Abandoned Property.
Section 35-12-79 - Custody by State; Recovery by Holder; Defense of Holder.
Section 35-12-80 - Public Sale of Abandoned Property.
Section 35-12-81 - Deposit of Funds.
Section 35-12-82 - Claim of Another State to Recover Property.
Section 35-12-83 - Filing and Handling of Claims.
Section 35-12-84 - Filing of a Claim - Intestate and Small Claims.
Section 35-12-85 - Action to Establish a Claim.
Section 35-12-86 - Election to Take Payment or Delivery.
Section 35-12-87 - Disposition of Property Having No Substantial Commercial Value.
Section 35-12-88 - Periods of Limitation.
Section 35-12-89 - Requests for Reports and Examination of Records.
Section 35-12-90 - Retention of Records.
Section 35-12-91 - Interstate Agreements.
Section 35-12-92 - Penalties and Enforcement.
Section 35-12-93 - Agreement to Locate Property.
Section 35-12-94 - Confidentiality; Staff.
Section 35-12-95 - Transitional Provisions.
Section 35-12-96 - Uniformity of Application and Construction.