14-529. PERIODS OF LIMITATION. (1) The expiration, before or after the effective date of this act, of any period of time specified by contract, statute, or court order, during which a claim for money or property can be made or during which an action or proceeding may be commenced or enforced to obtain payment of a claim for money or to recover property, does not prevent the money or property from being presumed abandoned or affect any duty to file a report or to pay or deliver abandoned property to the administrator as required in this chapter except as provided in subsection (2) of this section.
(2) Where a holder has filed a report as required by section 14-517, Idaho Code, the administrator may commence any action or proceeding with respect to any duty of a holder to report and deliver unclaimed property under this act within three (3) years after the time for the filing of a report concerning the property as required by section 14-517, Idaho Code.
(3) Where a holder violates section 14-517, Idaho Code, by failing to file a report, the administrator may commence any action or proceeding with respect to any duty of a holder to report and deliver unclaimed property under this act within seven (7) years after the time for the filing of a report concerning the property as required by section 14-517, Idaho Code.
History:
[14-529, added 1983, ch. 209, sec. 2, p. 579; am. 1992, ch. 21, sec. 4, p. 69; am. 1997, ch. 399, sec. 13, p. 1272.]
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.