2017 Arizona Revised Statutes
Title 44 - Trade and Commerce
§ 44-305 Dormancy charge

Universal Citation: AZ Rev Stat § 44-305 (2017)

44-305. Dormancy charge

A holder, except an agency of this state, may deduct from property presumed abandoned a charge imposed by reason of the owner's failure to claim the property within a specified time if there is a valid and enforceable written contract between the holder and the owner under which the holder may impose the charge and the holder regularly imposes the charge and the charge is not regularly reversed or otherwise canceled. The amount of the deduction is limited to an amount that is not unconscionable.

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