556.28 Interstate agreements and cooperation.
1. The treasurer of state may enter into agreements with other states to exchange information needed to enable this or another state to audit or otherwise determine unclaimed property that it or another state may be entitled to subject to a claim of custody. The treasurer of state by rule may require the reporting of information needed to enable compliance with agreements made pursuant to this section and prescribe the form.
2. To avoid conflicts between the treasurer of state’s procedures and the procedures of unclaimed property administrators in other jurisdictions that enact the uniform unclaimed property Act, the treasurer of state, so far as is consistent with the purposes, policies, and provisions of this chapter, before adopting, amending or repealing rules, shall advise and consult with the unclaimed property administrators in other jurisdictions that enact substantially the uniform unclaimed property Act and take into consideration the rules of unclaimed property administrators in other jurisdictions that enact the uniform unclaimed property Act.
3. The treasurer of state may join with other states to seek enforcement of this chapter against any person who is or may be holding property reportable under this chapter.
4. At the request of another state, the attorney general of this state may bring an action in the name of the unclaimed property administrator of the other state in any court of competent jurisdiction to enforce the unclaimed property laws of the other state against a holder in this state 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 bringing the action.
5. The treasurer of state may request that the attorney general of another state or any other person bring an action in the name of the unclaimed property administrator in the other state. The state shall pay all expenses including attorney’s fees in any action under this subsection. Any expenses paid pursuant to this subsection may not be deducted from the amount that is subject to the claim by the owner under this chapter.
84 Acts, ch 1295, §24
Structure Iowa Code
Chapter 556 - DISPOSITION OF UNCLAIMED PROPERTY
Section 556.1 - Definitions and use of terms.
Section 556.2 - Property held by banking or financial organizations or by business associations.
Section 556.2A - Traveler’s checks and money orders.
Section 556.2C - Outstanding state warrants.
Section 556.3 - Unclaimed funds held by life insurance corporations.
Section 556.3A - Unclaimed demutualization proceeds held by insurance companies.
Section 556.4 - Deposits and refunds held by utilities.
Section 556.5 - Stocks and other intangible interests in business associations.
Section 556.7 - Property held by fiduciaries.
Section 556.8 - Property held by state courts and public officers and agencies — abandonment.
Section 556.9 - Miscellaneous personal property held for another person — wages — gift certificates.
Section 556.9A - Out-of-state property issued within the state.
Section 556.9B - United States savings bonds — escheatment procedures.
Section 556.11 - Report of abandoned property.
Section 556.12 - Notice and publication of lists of abandoned property.
Section 556.13 - Payment or delivery of abandoned property.
Section 556.14 - Relief from liability by payment or delivery.
Section 556.15 - Income accruing after payment or delivery.
Section 556.16 - Periods of limitation not a bar.
Section 556.17 - Sale of abandoned property.
Section 556.18 - Deposit of funds.
Section 556.19 - Claim for abandoned property paid or delivered.
Section 556.20 - Determination of claims.
Section 556.21 - Judicial action upon determinations.
Section 556.22 - Elections by the treasurer of state.
Section 556.23 - Examination of records.
Section 556.24 - Proceeding to compel delivery of abandoned property.
Section 556.24A - Public records.
Section 556.25 - Interest and penalties.
Section 556.27 - Effect of laws of other states.
Section 556.28 - Interstate agreements and cooperation.