Section 38-13-401 - Report required by holder

(1) A holder of property presumed abandoned and subject to the custody of the administrator shall report in a record to the administrator concerning the property. The administrator shall not require a holder to file a paper report.(2) A holder may contract with a third party to make the report required under subsection (1) of this section.(3) Whether or not a holder contracts with a third party under subsection (2) of this section, the holder is responsible: (a) To the administrator for the complete, accurate, and timely reporting of property presumed abandoned; and(b) For paying or delivering to the administrator property described in the report.Entire article repealed and reenacted with amendments by 2019 Ch. 110, § 1, eff. 7/1/2020.L. 2019: Entire article R&RE, (SB 19 -088), ch. 426, p. 426, § 1, effective 7/1/2020.