TITLE 14

ESTATES OF DECEDENTS

CHAPTER 5

REVISED UNCLAIMED PROPERTY ACT

PART 9

CLAIM TO RECOVER PROPERTY FROM ADMINISTRATOR

14-5-901.  CLAIM OF ANOTHER STATE TO RECOVER PROPERTY. (1) If the administrator knows that property held by the administrator under this chapter is subject to a superior claim of another state, the administrator shall:

(a)  Report and pay or deliver the property to the other state; or

(b)  Return the property to the holder so that the holder may pay or deliver the property to the other state.

(2)  The administrator is not required to enter into an agreement to transfer property to the other state under subsection (1) of this section.

History:

[14-5-901, added 2024, ch. 27, sec. 2, p. 206.]