Idaho State Statutes - Idaho Attorney Directory

(1) Except as provided in subsections (2) and (5) of this section, stock or
other intangible ownership interest in a business association, the existence
of which is evidenced by records available to the association, is presumed
abandoned and, with respect to the interest, the association is the holder, if
a dividend, distribution, or other sum payable as a result of the interest has
remained unclaimed by the owner for five (5) years and the owner, within five
(5) years, has not communicated in writing with the association regarding the
interest or a dividend, distribution, or other sum payable as a result of the
interest.
(2) At the expiration of a five (5) year period following the failure of
the owner to claim a dividend, distribution, or other sum payable to the owner
as a result of the interest, the interest is not presumed abandoned unless
there have been at least five (5) dividends, distributions, or other sums paid
during the period, none of which has been claimed by the owner. If five (5)
dividends, distributions, or other sums are paid during the five (5) year
period, the period leading to a presumption of abandonment commences on the
date payment of the first such unclaimed dividend, distribution, or other sum
became due and payable. If five (5) dividends, distributions, or other sums
are not paid during the presumptive period, the period continues to run until
there have been five (5) dividends, distributions, or other sums that have not
been claimed by the owner.
(3) The running of the five (5) year period of abandonment ceases
immediately upon the occurrence of a communication referred to in subsection
(1) of this section. If any future dividend, distribution, or other sum
payable to the owner as a result of the interest is subsequently not claimed
by the owner, a new period of abandonment commences and relates back to the
time a subsequent dividend, distribution, or other sum became due and payable.
(4) At the time an interest is presumed abandoned under this section, any
dividend, distribution, or other sum then held for or owing to the owner as a
result of the interest, and not previously presumed abandoned, is presumed
abandoned.
(5) This chapter does not apply to any stock or other intangible
ownership interest enrolled in a plan that provides for the automatic
reinvestment of dividends, distributions, or other sums payable as a result of
the interest unless the records available to the administrator of the plan
show, that the owner has not within five (5) years communicated in any manner
described in subsection (1) of this section. The holder shall maintain the
record of such communications.

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