§ 67-4a-903 — Claim for property by person claiming to be owner.

(1) (1)(a) A person claiming to be the owner of property held under this chapter by the administrator may file a claim for the property on a form prescribed by the administrator.
(1)(b) The claimant shall verify the claim as to its completeness and accuracy.
(2) If the owner claiming the unclaimed property is a creditor the following apply:

(2)(a) (2)(a)(i) the exclusive remedy for satisfying a creditor's judgement is payment of a claim under the act; and
(2)(a)(ii) a writ of attachment, garnishment, or execution is prohibited on unclaimed property;
(2)(b) a creditor may only receive the value of the creditor's judgment or the amount held by the administrator, whichever is less; and
(2)(c) the administrator may waive the requirement in Subsection (1) and may pay or deliver property directly to a person if:
(2)(c)(i) the person receiving the property or payment is shown to be the apparent owner included on a report filed under Section 67-4a-401;
(2)(c)(ii) the administrator reasonably believes the person is entitled to receive the property or payment; and
(2)(c)(iii) the property has a value of less than $500.

Legislative History

Enacted by Chapter 371, 2017 General Session