Idaho Code § 14-5-610
This is the official text of Idaho Code § 14-5-610, 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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14-5-610 PERIODS OF LIMITATION AND REPOSE.
Official statutory text
PART 6
TAKING CUSTODY OF PROPERTY BY ADMINISTRATOR
14-5-610. PERIODS OF LIMITATION AND REPOSE. (1) Expiration before, on, or after July 1, 2024, of a period of limitation on an owner's right to receive or recover property, whether specified by contract, statute, or court order, does not prevent the property from being presumed abandoned or affect the duty of a holder under this chapter to file a report or pay or deliver property to the administrator.
(2) The administrator may not commence an action or proceeding to enforce this chapter with respect to the reporting, payment, or delivery of property more than five (5) years after the holder filed a non-fraudulent report with the administrator. The parties may agree in a record to extend the limitation in this subsection.
(3) The administrator may not commence an action, proceeding, or examination with respect to a duty of a holder under this chapter more than ten (10) years after the duty arose.
History:
[14-5-610, added 2024, ch. 27, sec. 2, p. 203.]
TAKING CUSTODY OF PROPERTY BY ADMINISTRATOR
14-5-610. PERIODS OF LIMITATION AND REPOSE. (1) Expiration before, on, or after July 1, 2024, of a period of limitation on an owner's right to receive or recover property, whether specified by contract, statute, or court order, does not prevent the property from being presumed abandoned or affect the duty of a holder under this chapter to file a report or pay or deliver property to the administrator.
(2) The administrator may not commence an action or proceeding to enforce this chapter with respect to the reporting, payment, or delivery of property more than five (5) years after the holder filed a non-fraudulent report with the administrator. The parties may agree in a record to extend the limitation in this subsection.
(3) The administrator may not commence an action, proceeding, or examination with respect to a duty of a holder under this chapter more than ten (10) years after the duty arose.
History:
[14-5-610, added 2024, ch. 27, sec. 2, p. 203.]
Status: in_force · Read it on the official government site
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