67-4a-402. Content of report.
(1) The report required under Section 67-4a-401 shall:
(a) be signed by or on behalf of the holder and verified as to the report's completeness and accuracy;
(b) if filed electronically, be in a secure format approved by the administrator that protects confidential information of the apparent owner;
(c) describe the property;
(d) except for a traveler's check, money order, or similar instrument, contain the name, if known, last known address, if known, and social security number or taxpayer identification number, if known or readily ascertainable, of the apparent owner of property with a value of $50 or more;
(e) for an amount held or owing under a life or endowment insurance policy or annuity contract, contain the name and last known address of the insured, annuitant, or other apparent owner of the policy or contract and of the beneficiary;
(f) for property held in or removed from a safe-deposit box, indicate the location of the property, where the property may be inspected by the administrator, and any amounts owed to the holder under Section 67-4a-606;
(g) contain the commencement date for determining abandonment under Part 2, Presumption of Abandonment;
(h) state that the holder has complied with the notice requirements of Section 67-4a-501;
(i) identify property that is a nonfreely transferable security and explain why the property is a nonfreely transferable security; and
(j) contain other information the administrator prescribes by rules.
(2)
(a) A report under Section 67-4a-401 may include in the aggregate items valued under $50 each.
(b) If the report includes items in the aggregate valued under $50 each, the administrator may not require the holder to provide the name and address of an apparent owner of an item unless the information is necessary to verify or process a claim in progress by the apparent owner.
(3) A report under Section 67-4a-401 may include personal information as defined in Subsection 67-4a-1401(1) about the apparent owner or the apparent owner's property.
(4) If a holder has changed the holder's name while holding property presumed abandoned or is a successor to another person that previously held the property for the apparent owner, the holder shall include in the report under Section 67-4a-401:
(a) the holder's former name or the name of the previous holder, if any; and
(b) the known name and address of each previous holder of the property.
Repealed and Re-enacted by Chapter 371, 2017 General Session
