Arizona § 44-305 Dormancy charge

Arizona Statutes

§ 44-305 — Dormancy charge

Arizona § 44-305

Title 44Arizona Revised Statutes

Ch. 3REVISED ARIZONA UNCLAIMED PROPERTY ACT

Art. 1General Provisions

This text of Arizona § 44-305 (Dormancy charge) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 44-305 (2026).

Text

A holder, except an agency of this state, may deduct from property presumed abandoned a charge imposed by reason of the owner's failure to claim the property within a specified time if there is a valid and enforceable written contract between the holder and the owner under which the holder may impose the charge and the holder regularly imposes the charge and the charge is not regularly reversed or otherwise canceled.  The amount of the deduction is limited to an amount that is not unconscionable.

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A holder, except an agency of this state, may deduct from property presumed abandoned a charge imposed by reason of the owner's failure to claim the property within a specified time if there is a valid and enforceable written contract between the holder and the owner under which the holder may impose the charge and the holder regularly imposes the charge and the charge is not regularly reversed or otherwise canceled. The amount of the deduction is limited to an amount that is not unconscionable.