70-9-823. Interstate agreements and cooperation -- joint and reciprocal actions with other states. (1) The administrator 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 70-9-820. The administrator by rule may require the reporting of information needed to enable compliance with an agreement made under this section and prescribe the form.
(2) The administrator may join with another state to seek enforcement of this part against any person that is or may be holding property reportable under this part.
(3) 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.
(4) The administrator may request that the attorney general of another state or another attorney commence an action in the other state on behalf of the administrator. With the approval of the attorney general of this state, the administrator may retain any other attorney to commence an action in this state on behalf of the administrator. This state shall pay all expenses, including attorney fees, in maintaining an action under this subsection. With the administrator's approval, the expenses and attorney fees may be paid from money received under this part. The administrator may agree to pay expenses and attorney fees based in whole or in part on a percentage of the value of any property recovered in the action. Any expenses or attorney fees paid under this subsection may not be deducted from the amount that is subject to the claim by the owner under this part.
History: En. Sec. 23, Ch. 124, L. 1997.
Structure Montana Code Annotated
Chapter 9. Disposition of Unclaimed Property
Part 8. Uniform Unclaimed Property Act
70-9-803. Presumptions of abandonment
70-9-804. Contents of safe deposit box or other safekeeping depository
70-9-805. Rules for taking custody
70-9-807. Burden of proof as to property evidenced by record of check or draft
70-9-808. Report of abandoned property
70-9-809. Payment or delivery of abandoned property
70-9-810. Notice and publication of lists of abandoned property
70-9-811. Custody by state -- recovery by holder -- defense of holder
70-9-812. Public sale of abandoned property
70-9-814. Claim of another state to recover property
70-9-815. Filing claim with administrator -- handling of claims by administrator
70-9-816. Action to establish claim
70-9-817. Election to take payment or delivery
70-9-819. Periods of limitation
70-9-820. Requests for reports and examination of records
70-9-821. Retention of records
70-9-823. Interstate agreements and cooperation -- joint and reciprocal actions with other states
70-9-824. Interest and penalties
70-9-825. Agreement to locate property
70-9-826. Foreign transactions