Idaho State Statutes - Idaho Attorney Directory

GENERAL RULES FOR TAKING CUSTODY OF INTANGIBLE UNCLAIMED
PROPERTY. Unless otherwise provided in this chapter or by other statute of
this state, intangible property is subject to the custody of this state as
unclaimed property if the conditions raising a presumption of abandonment
under sections 14-502 and 14-505 through 14-516, Idaho Code, are satisfied
and:
(1) The last known address, as shown on the records of the holder, of the
apparent owner is in this state;
(2) The records of the holder do not reflect the identity of the person
entitled to the property and it is established that the last known address of
the person entitled to the property is in this state;
(3) The records of the holder do not reflect the last known address of
the apparent owner, and it is established that:
(a) The last known address of the person entitled to the property is in
this state, or
(b) The holder is a domiciliary or a government or governmental
subdivision or agency of this state and has not previously paid or
delivered the property to the state of the last known address of the
apparent owner or other person entitled to the property;
(4) The last known address, as shown on the records of the holder, of the
apparent owner is in a state that does not provide by law for the escheat or
custodial taking of the property or its escheat or unclaimed property law is
not applicable to the property and the holder is a domiciliary or a government
or governmental subdivision or agency of this state;
(5) The last known address, as shown on the records of the holder, of the
apparent owner is in a foreign nation and the holder is a domiciliary or a
government or governmental subdivision or agency of this state; or
(6) The transaction out of which the property arose occurred in this
state; and
(a) 1. The last known address of the apparent owner or other person
entitled to the property is unknown, or
2. The last known address of the apparent owner or other person
entitled to the property is in a state that does not provide by law
for the escheat or custodial taking of the property or its escheat or
unclaimed property law is not applicable to the property; and
(b) The holder is a domiciliary of a state that does not provide by law
for the escheat or custodial taking of the property or its escheat or
unclaimed property law is not applicable to the property.

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