Iowa Admin. Code r. 781-9.32 - Claim of another state to property in the custody of the treasurer of state
(1) If property
is received by the division and the division is aware that the property is
subject to a superior claim of another state, the division may:
a. Report and deliver the property to the
other state; or
b. Return the
property to the holder so that the property may be paid or delivered to the
other state.
(2) Except
for an agreement to indemnify the state of Iowa, no formal agreement shall be
required of the division to undertake such transfer to the correct state.
This rule is intended to implement Iowa Code section 556.20.
Notes
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