§ 38-13-301 — Address of apparent owner to establish priority

(1) In this part
3, the following rules apply:

(a) The last-known address of an apparent owner is any description, code, or
other indication of the location of the apparent owner that identifies the state, even
if the description, code, or indication of location is not sufficient to direct the
delivery of first-class United States mail to the apparent owner;

(b) If the United States postal zip code associated with the apparent owner is
for a post office located in this state, this state is deemed to be the state of the
last-known address of the apparent owner unless other records associated with the
apparent owner specifically identify the physical address of the apparent owner to
be in another state;

(c) If the address under subsection (1)(b) of this section is in another state,
the other state is deemed to be the state of the last-known address of the apparent
owner; and

(d) The address of the apparent owner of a life or endowment insurance
policy or annuity contract or its proceeds is presumed to be the address of the
insured or annuitant if a person other than the insured or annuitant is entitled to the
amount owed under the policy or contract and the address of the other person is
not known by the insurance company and cannot be determined under section 38-13-302.

Legislative History

Source: L. 2019: Entire article R&RE, (SB 19-088), ch. 110, p. 424, � 1, effective July 1, 2020.