§ 556.28 — Interstate agreements and cooperation

Iowa § 556.28

• Jurisdiction: Iowa
• Title XIV: PROPERTY
• Ch. 556: DISPOSITION OF UNCLAIMED PROPERTY

Text

1. The treasurer of state may enter into agreements with other states to exchange
information needed to enable this or another state to audit or otherwise determine unclaimed
property that it or another state may be entitled to subject to a claim of custody. The treasurer
of state by rule may require the reporting of information needed to enable compliance with
agreements made pursuant to this section and prescribe the form.
2. To avoid conflicts between the treasurer of state’s procedures and the procedures of
unclaimed property administrators in other jurisdictions that enact the uniform unclaimed
property Act, the treasurer of state, so far as is consistent with the purposes, policies,
and provisions of this chapter, before adopting, amending or repealing rules, shall advise
and consult with the unclaimed property administrators in other jurisdictions that enact
substantially the uniform unclaimed property Act and take into consideration the rules of
unclaimed property administrators in other jurisdictions that enact the uniform unclaimed
property Act.
3. The treasurer of state may join with other states to seek enforcement of this chapter
against any person who is or may be holding property reportable under this chapter.
4. At the request of another state, the attorney general of this state may bring an action in
thenameoftheunclaimedpropertyadministratoroftheotherstateinanycourtofcompetent
jurisdiction to enforce the unclaimed property laws of the other state against a holder in this
state of property subject to escheat or a claim of abandonment by the other state, if the other
state has agreed to pay expenses incurred by the attorney general in bringing the action.
5. Thetreasurerofstatemayrequestthattheattorneygeneralofanotherstateoranyother
personbringanactioninthenameoftheunclaimedpropertyadministratorintheotherstate.
The state shall pay all expenses including attorney’s fees in any action under this subsection.
Any expenses paid pursuant to this subsection may not be deducted from the amount that is
subject to the claim by the owner under this chapter.