Ala. Admin. Code r. 892-2-1-.02 - Definitions
(1) "Abandoned or
Unclaimed Property" means any property which is presumed abandoned under the
Act.
(2) "Act" means the State of
Alabama Uniform Disposition of Unclaimed Property Act of 2004, Sections
35-12-70 through and including
35-12-96, Code of Ala.
1975, as amended.
(3)
"Apparent Owner" or "Claimant" means the individual(s) signing and submitting
the claim form and supporting documentation for recovery of unclaimed
property.
(4) "Contents" means any
and all property found within a safe deposit box presumed abandoned and
reportable to the Treasurer's Office under the Act.
(5) "Dormancy" means inactivity or lack of
owner contact for a prescribed time period as specified in the Act.
(6) "Holder" means a person, as defined in
the Act, in possession of property presumed abandoned under the terms of the
Act.
(7) "Treasurer's Office" means
the office of the State Treasurer for the State of Alabama.
Notes
Author: Ralph Ainsworth, Unclaimed Property Division, Office of State Treasurer
Statutory Authority: Code of Ala. 1975, ยง 35-12-20, et seq.
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