67-4a-401. Report required by holder.
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Effective 5/9/2017
67-4a-401. Report required by holder.
(a)A holder of property presumed abandoned and subject to the custody of the administrator shall report in a record to the administrator concerning the property.
(b)A holder shall report via the Internet in a format approved by the administrator, unless the administrator gives a holder specific permission to file a paper report.
(2)A holder may contract with a third party to make the report required under Subsection
(1).
(3)Whether or not a holder contracts with a third party under Subsection
(2), the holder is responsible:
(a)to the administrator for the complete, accurate, and timely reporting of property presumed abandoned; and
(b)for paying or delivering to the administrator property described in the report.
Repealed and Re-enacted by Chapter 371 , 2017 General Session