14-503. GENERAL RULES FOR TAKING CUSTODY OF INTANGIBLE UNCLAIMED PROPERTY. Unless otherwise provided in this chapter or by other statute of this state, intangible property is subject to the custody of this state as unclaimed property if the conditions raising a presumption of abandonment under sections 14-502 and 14-505 through 14-516, Idaho Code, are satisfied and:
(1) The last known address, as shown on the records of the holder, of the apparent owner is in this state;
(2) The records of the holder do not reflect the identity of the person entitled to the property and it is established that the last known address of the person entitled to the property is in this state;
(3) The records of the holder do not reflect the last known address of the apparent owner, and it is established that:
(a) The last known address of the person entitled to the property is in this state, or
(b) The holder is a domiciliary or a government or governmental subdivision or agency of this state and has not previously paid or delivered the property to the state of the last known address of the apparent owner or other person entitled to the property;
(4) The last known address, as shown on the records of the holder, of the apparent owner is in a state that does not provide by law for the escheat or custodial taking of the property or its escheat or unclaimed property law is not applicable to the property and the holder is a domiciliary or a government or governmental subdivision or agency of this state;
(5) The last known address, as shown on the records of the holder, of the apparent owner is in a foreign nation and the holder is a domiciliary or a government or governmental subdivision or agency of this state; or
(6) The transaction out of which the property arose occurred in this state; and
(a) 1. The last known address of the apparent owner or other person entitled to the property is unknown, or
2. The last known address of the apparent owner or other person entitled to the property is in a state that does not provide by law for the escheat or custodial taking of the property or its escheat or unclaimed property law is not applicable to the property; and
(b) The holder is a domiciliary of a state that does not provide by law for the escheat or custodial taking of the property or its escheat or unclaimed property law is not applicable to the property.
History:
[14-503, added 1983, ch. 209, sec. 2, p. 565.]
Structure Idaho Code
Title 14 - ESTATES OF DECEDENTS
Chapter 5 - UNCLAIMED PROPERTY LAW
Section 14-501 - DEFINITIONS AND USE OF TERMS.
Section 14-502 - PROPERTY PRESUMED ABANDONED — GENERAL RULE.
Section 14-503 - GENERAL RULES FOR TAKING CUSTODY OF INTANGIBLE UNCLAIMED PROPERTY.
Section 14-504 - TRAVELERS CHECKS AND MONEY ORDERS.
Section 14-506 - BANK DEPOSITS AND FUNDS IN FINANCIAL ORGANIZATIONS.
Section 14-507 - FUNDS OWING UNDER LIFE INSURANCE POLICIES.
Section 14-508 - DEPOSITS HELD BY UTILITIES.
Section 14-509 - REFUND HELD BY BUSINESS ASSOCIATIONS.
Section 14-510 - STOCK AND OTHER INTANGIBLE INTERESTS IN BUSINESS ASSOCIATIONS.
Section 14-511 - PROPERTY OF BUSINESS ASSOCIATIONS HELD IN COURSE OF DISSOLUTION.
Section 14-512 - PROPERTY HELD BY AGENTS AND FIDUCIARIES.
Section 14-513 - PROPERTY HELD BY COURTS AND PUBLIC AGENCIES.
Section 14-514 - GIFT CERTIFICATES AND CREDIT MEMOS.
Section 14-516 - CONTENTS OF SAFE DEPOSIT BOX OR OTHER SAFEKEEPING REPOSITORY.
Section 14-517 - REPORT OF ABANDONED PROPERTY.
Section 14-518 - NOTICE AND PUBLICATION OF LISTS OF ABANDONED PROPERTY.
Section 14-519 - PAYMENT OR DELIVERY OF ABANDONED PROPERTY.
Section 14-521 - CREDITING OF DIVIDENDS, INTEREST, OR INCREMENTS TO OWNER’S ACCOUNT.
Section 14-522 - PUBLIC SALE OF ABANDONED PROPERTY.
Section 14-523 - DISPOSITION OF MONEY RECEIVED.
Section 14-524 - FILING OF CLAIM WITH ADMINISTRATOR.
Section 14-525 - CLAIM OF ANOTHER STATE TO RECOVER PROPERTY — PROCEDURE.
Section 14-526 - ACTION TO ESTABLISH CLAIM.
Section 14-527 - ELECTION TO TAKE PAYMENT OR DELIVERY.
Section 14-529 - PERIODS OF LIMITATION.
Section 14-530 - REQUESTS FOR REPORTS AND EXAMINATION OF RECORDS.
Section 14-531 - RETENTION OF RECORDS.
Section 14-532 - ENFORCEMENT — ACTIONS TO ENFORCE UNCLAIMED PROPERTY LAW — ADMINISTRATIVE RULES.
Section 14-533 - INTEREST AND PENALTIES.
Section 14-534 - STATE HISTORICAL SOCIETY USE OF PROPERTY.
Section 14-536 - AGREEMENT TO LOCATE REPORTED PROPERTY.
Section 14-537 - FOREIGN TRANSACTIONS.
Section 14-540 - UNIFORMITY OF APPLICATION AND CONSTRUCTION.