67-4a-403.  When report to be filed.

(1)  Subject to Subsection (2), the report under Section 67-4a-401 shall be filed before November 1 of each year and cover the 12 months preceding July 1 of that year.

Terms Used In Utah Code 67-4a-403

  • Administrator: means the deputy state treasurer assigned by the state treasurer. See Utah Code 67-4a-102
  • Holder: means a person obligated to hold for the account of, or to deliver or pay to, the owner property subject to this chapter. See Utah Code 67-4a-102
  • Property: includes :
(i) all income from or increments to the property;
(ii) property referred to as or evidenced by:
(A) money, virtual currency, interest, or a dividend, check, draft, or deposit;
(B) a credit balance, customer's overpayment, stored-value card, payroll card, security deposit, refund, credit memorandum, unpaid wage, unused ticket for which the issuer has an obligation to provide a refund, mineral proceeds, or unidentified remittance; and
(C) a security except for:
(I) a worthless security; or
(II) a security that is subject to a lien, legal hold, or restriction evidenced on the records of the holder or imposed by operation of law, if the lien, legal hold, or restriction restricts the holder's or owner's ability to receive, transfer, sell, or otherwise negotiate the security;
(iii) a bond, debenture, note, or other evidence of indebtedness;
(iv) money deposited to redeem a security, make a distribution, or pay a dividend;
(v) an amount due and payable under an annuity contract or insurance policy;
(vi) an amount distributable from a trust or custodial fund established under a plan to provide health, welfare, pension, vacation, severance, retirement, death, stock purchase, profit-sharing, employee-savings, supplemental-unemployment insurance, or a similar benefit; and
(vii) an amount held under a preneed funeral or burial contract, other than a contract for burial rights or opening and closing services, where the contract has not been serviced following the death or the presumed death of the beneficiary. See Utah Code 67-4a-102
(2) 

(a)  Before the date for filing the report under Section 67-4a-401, the holder of property presumed abandoned may request the administrator to extend the time for filing.

(b)  The administrator may grant an extension.

(c)  If the extension is granted, the holder may pay or make a partial payment of the amount the holder estimates ultimately will be due.

(d)  The payment or partial payment terminates accrual of interest on the amount paid.

Repealed and Re-enacted by Chapter 371, 2017 General Session

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