§ 556.9A — Out-of-state property issued within the state

Iowa § 556.9A

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

Text

1. As used in this section, unless the context requires otherwise:
a. “Property” means intangible personal property located outside the state, but issued by
the state of Iowa, a state agency, a political subdivision of the state, or a person formed or
otherwise located within the state as a corporation, trust, partnership, limited partnership,
association, cooperative, union, or organization.
b. “Temporarycustodian”meansanentityholdingpropertyoutsideofthisstate, including
but not limited to a person, the United States government, or an agency or instrumentality of
the United States government, and any other state or agency or political subdivision of that
state.
2. Property and income derived from the property, including but not limited to dividends,
earnings,andinterest,whichareheldbyatemporarycustodianarepresumedabandonedand
after deducting lawful charges are subject to the custody of this state as unclaimed property,
if all the following apply:
a. The owner has not claimed the property or income derived from the property or
corresponded in writing with the temporary custodian of the property within three years
after the date prescribed for delivery of the property or payment of income from the property.
b. The last known address of the owner is unknown.
3. This section does not apply to property or income derived from the property subject to
any other provision of this chapter providing for a different procedure for determining when
property is presumed abandoned and subject to state custody.