Arizona Statutes

§ 44-308 — Payment or delivery of abandoned property

Arizona·Title 44 Arizona Revised Statutes·Ch. 3 REVISED ARIZONA UNCLAIMED PROPERTY ACT·Art. 1 General Provisions
A.On filing the report prescribed in section 44-307, the holder of property that is presumed abandoned shall pay, deliver or cause to be paid or delivered to the department the property described in the report as unclaimed. If the property is an automatically renewable deposit and a penalty or forfeiture in the payment of interest would result, the time for compliance is extended until a penalty or forfeiture would no longer result. The holder of tangible property held in a safe deposit box or any other safekeeping depository shall deliver the property to the department on filing the report prescribed in section 44-307.
B.If the property reported to the department is a security or security entitlement pursuant to title 47, chapter 8, the department may make an endorsement, instruction

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