Effective: December 11, 1967
Latest Legislation: Senate Bill 411 - 107th General Assembly
(A) If funds otherwise subject to Chapter 169. of the Revised Code are held for or owed or distributable to an owner whose last known address is in another state by a holder who is subject to the jurisdiction of that state, the funds will not be unclaimed funds in this state and subject to Chapter 169. of the Revised Code if they may be claimed as unclaimed, abandoned, or escheated funds under the laws of such other state.
(B) If funds otherwise subject to Chapter 169. of the Revised Code are held for or distributable to an owner as to whom the records of the holder show no address, the director of commerce shall take custody of such funds, but such funds shall be subject to the claim of the proper escheat or custodial officer of another state upon proof to the director of commerce that the last known address of the owner of such funds is in such other state, provided, the director of commerce shall not turn over any funds to an escheat or custodial officer of another state unless such other state agrees to hold this state and the former holder of such funds harmless from any and all liabilities for any claim which then exists or which thereafter may arise or be made in respect to such funds. The director of commerce may enter into such agreements as he determines necessary to obtain funds held by escheat or custodial officers of other states which should properly be held by him under this chapter.
Structure Ohio Revised Code
Section 169.01 | Unclaimed Funds Definitions.
Section 169.02 | Further Defining Unclaimed Funds.
Section 169.03 | Report of Unclaimed Funds.
Section 169.04 | Jurisdiction of Other States.
Section 169.041 | Recovering Unclaimed Funds in Possession, Custody or Control of Another State.
Section 169.05 | Unclaimed Funds Trust Fund.
Section 169.051 | United States Savings Bonds; Presumption of Abandonment.
Section 169.052 | Attorney Unclaimed Funds.
Section 169.06 | Publishing Notice of Unclaimed Funds.
Section 169.07 | Holder of Unclaimed Funds Held Harmless.
Section 169.08 | Filing Claim for Refund.
Section 169.09 | Administrative Rules.
Section 169.10 | Prohibited Acts.
Section 169.11 | Early Report of Unclaimed Funds.
Section 169.12 | Failure to Report or File Report.
Section 169.14 | Rc 169.13 Claim to Include Registration Certificate Number.
Section 169.16 | Certificate of Registration Required.
Section 169.17 | Revocation or Refusal to Issue or Renew Certificate.