2009 Iowa Code
Title 14 - Property
Subtitle 1 - Personal Property
CHAPTER 556 - DISPOSITION OF UNCLAIMED PROPERTY
556.2C - OUTSTANDING STATE WARRANTS.

        556.2C  OUTSTANDING STATE WARRANTS.
         1. a.  An unpaid, outdated warrant that is canceled pursuant
      to section 8A.519 shall be included in a list of outstanding state
      warrants maintained by the director of the department of
      administrative services.  On or before July 1 of each year, the
      director of the department of administrative services shall provide
      the office of the treasurer of state with a consolidated list of such
      outstanding warrants that have not been previously reported to the
      office.
         b.  The consolidated list shall be accompanied by supporting
      information as specified by the treasurer of state.  The treasurer of
      state may include information regarding the outstanding warrants in
      the notice published pursuant to section 556.12 and on the treasurer
      of state's official internet website.
         c.  The reporting requirements of this section do not apply to
      outdated warrants charged to federal grants or other nonstate funds
      for which funding is no longer available as described in section
      25.2.
         2.  An agreement to pay compensation to recover or assist in the
      recovery of an outstanding warrant made within twenty-four months
      after the date the warrant is canceled is unenforceable.  However, an
      agreement made after twenty-four months from the date the warrant is
      canceled is valid if the fee or compensation agreed upon is not more
      than fifteen percent of the recoverable property, the agreement is in
      writing and signed by the payee, and the writing discloses the nature
      and value of the property and the name and address of the person in
      possession.  This subsection does not apply to a payee who has a bona
      fide fee contract with a practicing attorney regulated under chapter
      602, article 10.  
         Section History: Recent Form
         2006 Acts, ch 1185, §102
         Referred to in § 22.7, 25.2, 556.18

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