CHAPTER 523A

[UNCLAIMED PROPERTY]

 

        Part I.  Uniform Unclaimed Property Act

Section

   523A-1 Definitions and use of terms

   523A-2 Property presumed abandoned; general rule

 523A-2.5 Property originated or issued by this State, any

          political subdivision, or any entity incorporated,

          organized, created, or otherwise located in this State

   523A-3 General rules for taking custody of intangible

          unclaimed property

 523A-3.5 Escheat process

   523A-4 Travelers checks and money orders

   523A-5 Checks, drafts, and similar instruments issued or

          certified by banking and financial organizations

   523A-6 Bank deposits and funds in financial organizations

   523A-7 Funds owing under life insurance policies

   523A-8 Deposits held by utilities

   523A-9 Refunds held by business associations

  523A-10 Stock and other intangible interests in business

          associations

  523A-11 Property of business associations held in course of

          dissolution

  523A-12 Property held by agents and fiduciaries

  523A-13 Property held by courts and public agencies

  523A-14 Gift certificates and credit memos

  523A-15 Wages

  523A-16 Contents of safe deposit box or other safekeeping

          repository

  523A-17 Report of abandoned property

  523A-18 Notice and publication of abandoned property

  523A-19 Payment or delivery of abandoned property

  523A-20 Custody by State; holder relieved from liability;

          reimbursement of holder paying claim; reclaiming for

          owner; defense of holder; payment of safe deposit box

          or repository charges

  523A-21 Crediting of dividends, interest, or increments to

          owner's account

  523A-22 Public sale of abandoned property

  523A-23 Repealed

523A-23.5 Unclaimed property trust fund

  523A-24 Filing of claim with director

  523A-25 Claim of another state to recover property; procedure

  523A-26 Action to establish claim

  523A-27 Election to take payment or delivery

  523A-28 Destruction or disposition of property having

          insubstantial commercial value; immunity from

          liability

  523A-29 Periods of limitation

  523A-30 Requests for reports and examination of records

  523A-31 Retention of records

  523A-32 Enforcement

  523A-33 Interstate agreements and cooperation; joint and

          reciprocal actions with other states

  523A-34 Interest and penalties

  523A-35 Agreement to locate reported property

  523A-36 Foreign transactions

  523A-37 Effect of new provisions; clarification of application

  523A-38 Rules

  523A-39 Severability

  523A-40 Uniformity of application and construction

  523A-41 Short title

 

        Part II.  Unclaimed Property Held by the United States

  523A-51 Declaration of policy

  523A-52 Definitions

  523A-53 Unclaimed property subject to delivery to State;

          presumptions

  523A-54 Request by director of finance for report of

          previously unreported information

  523A-55 Agreement for State's payment of share of costs

  523A-56 Posting copy of report; notice of interest and

          intention to claim; determination of asserted

          interest

  523A-57 State's right unaffected by expiration of time for

          proceeding

  523A-58 Petition for determination of State's right to custody

          of unclaimed property; venue; service not required

  523A-59 Notice of proceedings

  523A-60 Answer; disposition of funds on deposit; dismissal

          without prejudice

  523A-61 Application for judgment relating to property not

          claimed by answer, and finding and declaration

          thereon

  523A-62 Request for delivery or payment of unclaimed property

          described in judgment; receipts

  523A-63 Disposition of property received

  523A-64 Undertaking to hold the United States harmless;

          intervention by state attorney general

  523A-65 State rights not affected

 

Revision Note

 

  Chapter heading changed by revisor.

 

Attorney General Opinions

 

  Act 214, L 1996, which amended Hawaii's unclaimed property law to permit escheat of abandoned property, was constitutional; recommendations regarding notice of custodial taking and escheat notice, discussed.  Att. Gen. Op. 98-4.