Idaho Code § 14-5-402

PART 4

REPORT BY HOLDER

14-5-402. CONTENT OF REPORT. (1) The report required under section 14-5-401, Idaho Code, must:

(a) Be signed by or on behalf of the holder and verified as to its completeness and accuracy;

(b) If filed electronically, be in a secure format approved by the administrator that protects confidential information of the apparent owner in the same manner as required of the administrator and the administrator's agent under part 14 of this chapter;

(c) Describe the property;

(d) Except for a traveler's check, money order, or similar instrument, contain the name, if known, last known address, if known, and social security number or taxpayer identification number, if known or readily ascertainable, of the apparent owner of property;

(e) For an amount held or owing under a life or endowment insurance policy, annuity contract, or other property where ownership rests in a beneficiary upon the death of the owner, contain the name and last known address of the insured, annuitant, or other apparent owner of the policy or contract and of the beneficiary;

(f) For property held in or removed from a safe deposit box, indicate the location of the property and contents of the safe deposit box and any amounts owed to the holder under section 14-5-606, Idaho Code;

(g) Contain the commencement date for determining abandonment under part 2 of this chapter;

(h) State that the holder has complied with the notice requirements of section 14-5-501, Idaho Code;

(i) Identify property that is a non-freely transferable security and explain why it is a non-freely transferable security; and

(j) Contain other information the administrator prescribes by rule.

(2) A report required by section 14-5-401, Idaho Code, may include personal information as defined in section 14-5-1401, Idaho Code, about the apparent owner or the apparent owner's property to the extent not otherwise prohibited by federal law.

(3) If a holder has changed its name while holding property presumed abandoned or is a successor to another person that previously held the property for the apparent owner, the holder must include in the report required by section 14-5-401, Idaho Code, its former name or the name of the previous holder, if any, and the known name and address of each previous holder of the property.

History:

[14-5-402, added 2024, ch. 27, sec. 2, p. 195.]