§ 67-4a-404 — Retention of records by holder.

Utah § 67-4a-404

• Jurisdiction: Utah
• Title 67: State Officers and Employees
• Ch. 67-4a: Revised Uniform Unclaimed Property Act
• Part 67-4a-4: Report by Holder

Text

(1) A holder required to file a report under Section 67-4a-401 shall retain records for five years after the later of the date the report was filed or the last date a timely report was due to be filed, unless a shorter period is provided by rule of the administrator.
(2) The holder may satisfy the requirement to retain records under this section through an agent.
(3) The records shall contain:

(3)(a) the information required to be included in the report;
(3)(b) the date, place, and nature of the circumstances that gave rise to the property right;
(3)(c) the amount or value of the property;
(3)(d) the last address of the apparent owner, if known to the holder; and
(3)(e) if the holder sells, issues, or provides to others for sale or issue in this state traveler's checks, money orders, or similar instruments, other than third-party bank checks, on which the holder is directly liable, a record of the instruments while they remain outstanding indicating the state and date of issue.

Legislative History

Repealed and Re-enacted by Chapter 371, 2017 General Session