Alabama § 35-12-73 Exemptions

Alabama Statutes

§ 35-12-73 — Exemptions

Alabama § 35-12-73

Title 35Property

Ch. 12Lost or Unclaimed Property

Art. 2AUniform Disposition of Unclaimed Property Act of 2004

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Bluebook

Ala. Code § 35-12-73 (2026).

Text

(a)The following entities are exempt from reporting property under this article:

(1)Electric cooperatives organized under Chapters 6 and 7 of Title 37.

(2)Incorporated municipalities and incorporated municipal boards and county and county boards of this state.

(b)The following property is exempt from reporting under this article:

(1)A gift certificate, gift card, or in-store merchandise credit issued or maintained by any person engaged primarily in the business of selling tangible personal property at retail.

(2)Property held, due, and owing in a foreign country and arising out of a foreign transaction.

(3)Unclaimed funds held pursuant to Section 19-3-87.

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(a) The following entities are exempt from reporting property under this article:
(1) Electric cooperatives organized under Chapters 6 and 7 of Title 37.
(2) Incorporated municipalities and incorporated municipal boards and county and county boards of this state.
(b) The following property is exempt from reporting under this article:
(1) A gift certificate, gift card, or in-store merchandise credit issued or maintained by any person engaged primarily in the business of selling tangible personal property at retail.
(2) Property held, due, and owing in a foreign country and arising out of a foreign transaction.
(3) Unclaimed funds held pursuant to Section 19-3-87.