Idaho State Statutes - Idaho Attorney Directory

(1) Except as
otherwise provided in this section, and subsection (2) of section 14-508,
Idaho Code, a person who is required to file a report under section 14-517,
Idaho Code, shall pay or deliver to the administrator all abandoned property
together with the report required under section 14-517, Idaho Code.
(2) If the owner establishes the right to receive the abandoned property
to the satisfaction of the holder before the property has been delivered or it
appears that for some other reason the presumption of abandonment is
erroneous, the holder need not pay or deliver the property to the
administrator, and the property will no longer be presumed abandoned.
(3) The holder of an interest under section 14-510, Idaho Code, shall
deliver a duplicate certificate or other evidence of ownership if the holder
does not issue certificates of ownership to the administrator. Upon delivery
of a duplicate certificate to the administrator, the holder and any transfer
agent, registrar, or other person acting for or on behalf of a holder in
executing or delivering the duplicate certificate is relieved of all liability
of every kind in accordance with the provisions of section 14-520, Idaho Code,
to every person, including any person acquiring the original certificate or
the duplicate of the certificate issued to the administrator, for any losses
or damages resulting to any person by the issuance and delivery to the
administrator of the duplicate certificate.

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