Idaho Code § 14-5-401
This is the official text of Idaho Code § 14-5-401, 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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14-5-401 REPORT REQUIRED BY HOLDER.
Official statutory text
PART 4
REPORT BY HOLDER
14-5-401. REPORT REQUIRED BY HOLDER. (1) A holder of property presumed abandoned and subject to the custody of the administrator shall report such property in a record to the administrator. The administrator may not require a holder to file a paper report and may prescribe the format of the report by rule.
(2) A holder may contract with a third party to make the report required under subsection (1) of this section.
(3) Whether or not a holder contracts with a third party under subsection (2) of this section, the holder is responsible:
(a) To the administrator for the complete, accurate, and timely reporting of property presumed abandoned; and
(b) For paying or delivering to the administrator property described in the report.
(4) The administrator may require a report confirming the holder holds no property presumed abandoned.
History:
[14-5-401, added 2024, ch. 27, sec. 2, p. 195.]
REPORT BY HOLDER
14-5-401. REPORT REQUIRED BY HOLDER. (1) A holder of property presumed abandoned and subject to the custody of the administrator shall report such property in a record to the administrator. The administrator may not require a holder to file a paper report and may prescribe the format of the report by rule.
(2) A holder may contract with a third party to make the report required under subsection (1) of this section.
(3) Whether or not a holder contracts with a third party under subsection (2) of this section, the holder is responsible:
(a) To the administrator for the complete, accurate, and timely reporting of property presumed abandoned; and
(b) For paying or delivering to the administrator property described in the report.
(4) The administrator may require a report confirming the holder holds no property presumed abandoned.
History:
[14-5-401, added 2024, ch. 27, sec. 2, p. 195.]
Status: in_force · Read it on the official government site
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