TITLE 14

ESTATES OF DECEDENTS

CHAPTER 5

REVISED UNCLAIMED PROPERTY ACT

PART 9

CLAIM TO RECOVER PROPERTY FROM ADMINISTRATOR

14-5-903.  CLAIM FOR PROPERTY BY PERSON CLAIMING TO BE OWNER. (1) A person claiming to be the owner of property held under this chapter or the proceeds from the sale thereof by the administrator may file a claim for the property on a form prescribed by the administrator. The claimant must verify the claim as to its completeness and accuracy.

(2)  The administrator may waive the requirement in subsection (1) of this section and may pay or deliver property directly to a person if:

(a)  The person receiving the property or payment is shown to be the apparent owner included on a report filed under section 14-5-401, Idaho Code;

(b)  The administrator reasonably believes the person is entitled to receive the property or payment; and

(c)  The property has a value of less than that established by the administrator in rule.

History:

[14-5-903, added 2024, ch. 27, sec. 2, p. 207.]