Utah Admin. Code R966-1-38 - Property Subject to Recovery by Another State
(1) If the administrator is aware that
property held under the Act is subject to a superior claim of another state,
the administrator shall either report and deliver the property to the other
state or return the property to the holder for delivery to the other
state.
(2) A claim by another state
to recover property under this Section must be presented in a form prescribed
by the administrator, unless the administrator waives presentation of the
form.
(3) The administrator shall
decide a claim under this Section not later than 90 days after it is
presented.
(4) To the extent
permitted under the law of the other state, the administrator may require
another state to agree to indemnify the administrator and the State of Utah and
its agents, officers and employees against any liability on a claim to the
property.
Notes
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