Idaho Code § 14-5-205
This is the official text of Idaho Code § 14-5-205, part of Idaho’s Code — part of the compiled statutory law of Idaho, published by the state as "Code." Browse the sections below, each linked to its official government source.
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14-5-205 WHEN CONTENTS OF SAFE DEPOSIT BOX PRESUMED ABANDONED.
Official statutory text
PART 2
PRESUMPTION OF ABANDONMENT
14-5-205. WHEN CONTENTS OF SAFE DEPOSIT BOX PRESUMED ABANDONED. Tangible property held in a safe deposit box and proceeds from a sale of the property by the holder permitted by law of this state other than this chapter are presumed abandoned if the property remains unclaimed by the apparent owner five (5) years after the earlier of:
(1) The expiration of the lease or rental period for the box; or
(2) The earliest date when the lessor of the box is authorized by law of this state other than this chapter to enter the box and remove or dispose of the contents without consent or authorization of the lessee.
History:
[14-5-205, added 2024, ch. 27, sec. 2, p. 190.]
PRESUMPTION OF ABANDONMENT
14-5-205. WHEN CONTENTS OF SAFE DEPOSIT BOX PRESUMED ABANDONED. Tangible property held in a safe deposit box and proceeds from a sale of the property by the holder permitted by law of this state other than this chapter are presumed abandoned if the property remains unclaimed by the apparent owner five (5) years after the earlier of:
(1) The expiration of the lease or rental period for the box; or
(2) The earliest date when the lessor of the box is authorized by law of this state other than this chapter to enter the box and remove or dispose of the contents without consent or authorization of the lessee.
History:
[14-5-205, added 2024, ch. 27, sec. 2, p. 190.]
Status: in_force · Read it on the official government site
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