§ 34-24-126 — Claim of another state to recover property; procedure

Wyoming § 34-24-126

• Jurisdiction: Wyoming
• Title 34: Property, Conveyances and Security Transactions
• Ch. 24: UNIFORM UNCLAIMED PROPERTY ACT

Text

(a) At any time after property has been paid or delivered
to the administrator under this act another state may recover
the property if:
(i) The property was subjected to custody by this
state because the records of the holder did not reflect the last
known address of the apparent owner when the property was deemed
abandoned under this act, and the other state establishes that
the last known address of the apparent owner or other person
entitled to the property was in that state and under the laws of
that state the property escheated to or was subject to a claim
of abandonment by that state;
(ii) The last known address of the apparent owner or
other person entitled to the property, as reflected by the
records of the holder, is in the other state and under the laws
of that state the property has escheated to or become subject to
a claim of abandonment by that state;
(iii) The records of the holder were erroneous in
that they did not accurately reflect the actual owner of the
property and the last known address of the actual owner is in
the other state and under the laws of that state the property
escheated to or was subject to a claim of abandonment by that
state;
(iv) The property was subjected to custody by this
state under W.S. 34-24-104(a)(vi) and under the laws of the
state of domicile of the holder the property has escheated to or
become subject to a claim of abandonment by that state; or
(v) The property is the sum payable on a traveler's
check, money order or other similar instrument that was
subjected to custody by this state under W.S. 34-24-105, and the
instrument was purchased in the other state and under the laws
of that state the property escheated to or became subject to a
claim of abandonment by that state.
(b) The claim of another state to recover escheated or
abandoned property must be presented in a form prescribed by the
administrator, who shall decide the claim within ninety (90)
days after it is presented. The administrator shall allow the
claim if he determines that the other state is entitled to the
abandoned property under subsection (a) of this section.
(c) The administrator shall require a state, before
recovering property under this section, to agree to indemnify
this state and its officers and employees against any liability
on a claim for the property.