Alabama § 35-12-90 Retention of Records

Alabama Statutes

§ 35-12-90 — Retention of Records

Alabama § 35-12-90

Title 35Property

Ch. 12Lost or Unclaimed Property

Art. 2AUniform Disposition of Unclaimed Property Act of 2004

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Bluebook

Ala. Code § 35-12-90 (2026).

Text

(a)Except as otherwise provided in subsection (b), a holder required to file a report under Section 35-12-76 shall maintain the records containing the information required to be included in the report for 10 years after the holder files the report, unless a shorter period is provided by rule of the Treasurer.

(b)A business association or financial organization that sells, issues, or provides to others for sale or issue in this state, traveler’s checks, money orders, or similar instruments other than third-party bank checks, on which the business association or financial organization is directly liable, shall maintain a record of the instruments while they remain outstanding, indicating the state and date of issue, for three years after the holder files the report.

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(a) Except as otherwise provided in subsection (b), a holder required to file a report under Section 35-12-76 shall maintain the records containing the information required to be included in the report for 10 years after the holder files the report, unless a shorter period is provided by rule of the Treasurer.
(b) A business association or financial organization that sells, issues, or provides to others for sale or issue in this state, traveler’s checks, money orders, or similar instruments other than third-party bank checks, on which the business association or financial organization is directly liable, shall maintain a record of the instruments while they remain outstanding, indicating the state and date of issue, for three years after the holder files the report.