Ala. Admin. Code r. 892-2-1-.04 - Holder Reporting: Safe Deposit Box Contents
(1) Prior to shipping Contents to the
Treasurer's Office, the Holder shall provide a report including an estimated
time of delivery of the Contents, the number of shipping boxes, shipping
confirmation/tracking number, if applicable, and the Content listing. The
report must be submitted electronically prior to delivery of
Contents.
(2) Each owner's Contents
should be individually packaged and adequately sealed by the Holder and include
a listing of the Contents.
(3)
Remittance of Contents must be made by registered mail, certified mail, or
physical delivery. Physical delivery must be scheduled with the Treasurer's
Office prior to delivery.
(4) All
United States currency and coins, except those identified in Rule
92-2-1-.05(1), shall be deposited by the Holder at the time of inventory and
electronically remitted to the Treasurer's Office. The items must be itemized
in the Holder report and noted that it was deposited by the Holder.
(5) Mutilated currency should be handled in
the normal course of business through a financial institution and the Bureau of
Engraving and Printing. Once mutilated currency is exchanged for good currency,
it should be included in the Holder's report. Mutilated currency should not be
sent to the Treasurer's Office.
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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