Idaho Code § 14-5-206
This is the official text of Idaho Code § 14-5-206, 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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14-5-206 WHEN STORED VALUE CARD PRESUMED ABANDONED.
Official statutory text
PART 2
PRESUMPTION OF ABANDONMENT
14-5-206. WHEN STORED VALUE CARD PRESUMED ABANDONED. (1) Subject to the provisions of section 14-5-209, Idaho Code, the net card value of a stored value card, other than a payroll card that has not been duly converted to a federal deposit insurance corporation-insured, owner accessible account balance at a financial institution, is presumed abandoned five (5) years after the latest of:
(a) December 31 of the year in which the card is issued or additional funds are deposited into it;
(b) The most recent indication of interest in the card by the apparent owner; or
(c) A verification or review of the balance by or on behalf of the apparent owner.
(2) The amount presumed abandoned in a stored value card is the net card value at the time it is presumed abandoned.
History:
[14-5-206, added 2024, ch. 27, sec. 2, p. 190; am. 2025, ch. 211, sec. 6, p. 974.]
PRESUMPTION OF ABANDONMENT
14-5-206. WHEN STORED VALUE CARD PRESUMED ABANDONED. (1) Subject to the provisions of section 14-5-209, Idaho Code, the net card value of a stored value card, other than a payroll card that has not been duly converted to a federal deposit insurance corporation-insured, owner accessible account balance at a financial institution, is presumed abandoned five (5) years after the latest of:
(a) December 31 of the year in which the card is issued or additional funds are deposited into it;
(b) The most recent indication of interest in the card by the apparent owner; or
(c) A verification or review of the balance by or on behalf of the apparent owner.
(2) The amount presumed abandoned in a stored value card is the net card value at the time it is presumed abandoned.
History:
[14-5-206, added 2024, ch. 27, sec. 2, p. 190; am. 2025, ch. 211, sec. 6, p. 974.]
Status: in_force · Read it on the official government site
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