Idaho § 14-5-401 REPORT REQUIRED BY HOLDER

Idaho Statutes

§ 14-5-401 — REPORT REQUIRED BY HOLDER

Idaho·Title 14 ESTATES OF DECEDENTS·Part 4 REPORT BY HOLDER·Ch. 5 REVISED UNCLAIMED PROPERTY ACT

(1)A holder of property presumed abandoned and subject to the custody of the administrator shall report such property in a record to the administrator. The administrator may not require a holder to file a paper report and may prescribe the format of the report by rule.

(2)A holder may contract with a third party to make the report required under subsection (1) of this section.

(3)Whether or not a holder contracts with a third party under subsection (2) of this section, the holder is responsible:

(a)To the administrator for the complete, accurate, and timely reporting of property presumed abandoned; and

(b)For paying or delivering to the administrator property described in the report.

(4)The administrator may require a report confirming the holder holds no property presumed abandoned.

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(1) A holder of property presumed abandoned and subject to the custody of the administrator shall report such property in a record to the administrator. The administrator may not require a holder to file a paper report and may prescribe the format of the report by rule.
(2) A holder may contract with a third party to make the report required under subsection (1) of this section.
(3) Whether or not a holder contracts with a third party under subsection (2) of this section, the holder is responsible:
(a) To the administrator for the complete, accurate, and timely reporting of property presumed abandoned; and
(b) For paying or delivering to the administrator property described in the report.
(4) The administrator may require a report confirming the holder holds no property presumed abandoned.

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