67-4a-801 - Interstate agreements and cooperation -- Joint and reciprocal actions with other states. - Utah Statutes

67-4a-801. Interstate agreements and cooperation -- Joint and reciprocal actionswith other states.
(1) (a) The administrator may enter into agreements with other states to exchangeinformation needed to enable Utah or another state to audit or otherwise determine unclaimedproperty that Utah or another state may be entitled to subject to a claim of custody.
(b) The administrator may:
(i) require the reporting of information needed to enable compliance with agreementsmade under this section; and
(ii) prescribe the form for reporting that information.
(2) The administrator may join with other states to seek enforcement of this chapteragainst any person who is or may be holding property reportable under this chapter.
(3) At the request of another state, the attorney general of Utah may bring an action in thename of the administrator of the other state in any court of competent jurisdiction to enforce theunclaimed property laws of the other state against a holder in this state of property subject toescheat or a claim of abandonment by the other state, if the other state has agreed to pay expensesincurred by the attorney general in bringing the action.
(4) (a) The administrator may request that the attorney general of another state or anyother person bring an action in the name of the administrator in the other state.
(b) The administrator shall pay all expenses including attorney's fees in any action underthis subsection.
(c) The administrator may agree to pay the person bringing the action attorney's feesbased in whole or in part on a percentage of the value of any property recovered in the action.
(d) The administrator may not deduct any expenses paid under this subsection from theamount that is subject to the claim by the owner under this chapter.

Enacted by Chapter 198, 1995 General Session