Subject to the provisions of section 14-5-209, Idaho Code, and except for property described in section 14-5-202, Idaho Code, unclaimed accounts in the Idaho college savings program subject to the provisions of section 33-5410, Idaho Code, and property held in a plan or account described in section 529A of the Internal Revenue Code, as amended, including a health savings account, that qualifies for tax deferral under the income tax laws of the United States is presumed abandoned if it is unclaimed by the apparent owner three (3) years after the earlier of:
(1)The date, if reasonably determinable by the holder, specified in the income tax laws and regulations of the United States by which distribution of the property must begin to avoid a tax penalty, with no distribution having been made;
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Subject to the provisions of section 14-5-209, Idaho Code, and except for property described in section 14-5-202, Idaho Code, unclaimed accounts in the Idaho college savings program subject to the provisions of section 33-5410, Idaho Code, and property held in a plan or account described in section 529A of the Internal Revenue Code, as amended, including a health savings account, that qualifies for tax deferral under the income tax laws of the United States is presumed abandoned if it is unclaimed by the apparent owner three (3) years after the earlier of:
(1) The date, if reasonably determinable by the holder, specified in the income tax laws and regulations of the United States by which distribution of the property must begin to avoid a tax penalty, with no distribution having been made;
(2) The date the holder confirms or receives confirmation of the death of the apparent owner in the ordinary course of its business; or
(3) Thirty (30) years after the date the account was opened.