§ 38-13-402 — Content of report

(1) The report required under section 38-13-401 must:

(a) Be signed by or on behalf of the holder and verified as to its
completeness and accuracy;

(b) If filed electronically, be in a secure format approved by the administrator
that protects confidential information of the apparent owner in the same manner as
required of the administrator and the administrator's agent under part 14 of this
article 13;

(c) Describe the property;

(d) Except for a traveler's check, money order, or similar instrument, contain
the name, if known; last-known address, if known; and social security number or
taxpayer identification number, if known or readily ascertainable, of the apparent
owner of property with a value of twenty-five dollars or more;

(e) For an amount held or owing under a life or endowment insurance policy
or annuity contract, contain the full name and last-known address of the insured,
annuitant, or other apparent owner of the policy or contract and of the beneficiary;

(f) For property held in or removed from a safe-deposit box, indicate the
location of the property and where it may be inspected by the administrator;

(g) Contain the commencement date for determining abandonment under
part 2 of this article 13;

(h) State that the holder has complied with the notice requirements of
section 38-13-501;

(i) Identify property that is a nonfreely transferable security, and explain why
it is a nonfreely transferable security; and

(j) Contain other information the administrator prescribes by rules necessary
for the administrator.

(2) A report under section 38-13-401 may include in the aggregate items
valued under twenty-five dollars each. If the report includes items in the aggregate
valued under twenty-five dollars each, the administrator shall not require the holder
to provide the name and address of an apparent owner of an item unless the
information is necessary to verify or process a claim in progress by the apparent
owner.

(3) A report under section 38-13-401 may include personal information as
defined in section 38-13-1401 about the apparent owner or the apparent owner's
property to the extent not otherwise prohibited by federal law.

(4) If a holder has changed its name while holding property presumed
abandoned or is a successor to another person that previously held the property for
the apparent owner, the holder shall include in the report under section 38-13-401
its former name or the name of the previous holder, if any, and the known name and
address of each previous holder of the property.

Legislative History

Source: L. 2019: Entire article R&RE, (SB 19-088), ch. 110, p. 427, � 1, effective July 1, 2020.