Idaho § 14-5-602 DORMANCY CHARGE

Idaho Statutes

§ 14-5-602 — DORMANCY CHARGE

Idaho § 14-5-602

Title 14ESTATES OF DECEDENTS

Part 6TAKING CUSTODY OF PROPERTY BY ADMINISTRATOR

Ch. 5REVISED UNCLAIMED PROPERTY ACT

This text of Idaho § 14-5-602 (DORMANCY CHARGE) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 14-5-602 (2026).

Text

(1)A holder may deduct a dormancy charge from property required to be paid or delivered to the administrator if:

(a)A valid contract between the holder and the apparent owner authorizes imposition of the charge for the apparent owner’s failure to claim the property within a specified time; and

(b)The holder regularly imposes the charge and regularly does not reverse or otherwise cancel the charge.

(2)A holder may not deduct an escheat fee or other similar charges imposed solely by virtue of the property being presumed abandoned.

(3)The amount of the deduction under this section is limited to an amount that is not unconscionable considering all relevant factors, including the marginal transactional costs incurred by the holder in maintaining the apparent owner’s property and any servic

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(1) A holder may deduct a dormancy charge from property required to be paid or delivered to the administrator if:
(a) A valid contract between the holder and the apparent owner authorizes imposition of the charge for the apparent owner’s failure to claim the property within a specified time; and
(b) The holder regularly imposes the charge and regularly does not reverse or otherwise cancel the charge.
(2) A holder may not deduct an escheat fee or other similar charges imposed solely by virtue of the property being presumed abandoned.
(3) The amount of the deduction under this section is limited to an amount that is not unconscionable considering all relevant factors, including the marginal transactional costs incurred by the holder in maintaining the apparent owner’s property and any services received by the apparent owner.