Ala. Admin. Code r. 892-2-1-.11 - Responsibilities Of The Holder

(1) It shall be the responsibility of the Holder:

(a) to determine Abandoned Property subject to the Act, and dormancy reporting timelines;

(b) to determine state custody of each property;

(c) to report and remit Abandoned Property to the Treasurer's Office by the reporting deadline, including all owner identifying information available in the Holder's files, and;

(d) to perform due diligence and written notice to the Apparent Owner as required by the Act prior to remitting property to the Treasurer's Office.

Notes

Ala. Admin. Code r. 892-2-1-.11

Adopted by Alabama Administrative Monthly Volume XXXIII, Issue No. 04, January 30, 2015, eff. 2/3/2015.

Author: Ralph Ainsworth, Unclaimed Property Division, Office of State Treasurer

Statutory Authority: Code of Ala. 1975, § 35-12-20, et seq.