There Is a Newer Version of this Section
  1. 2023 Hawaii Rev. Stat.
  2. 2022 Hawaii Rev. Stat.
  3. 2021 Hawaii Rev. Stat.
  4. 2019 Hawaii Rev. Stat. (here)
  5. View All Versions
View Our Newest Version Here

2019 Hawaii Revised Statutes
TITLE 28. PROPERTY
523A. Unclaimed Property
523A-26 Deposit of funds.

Universal Citation:
HI Rev Stat § 523A-26 (2019)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
Previous Next

§523A-26 Deposit of funds. (a) There is established in the state treasury the unclaimed property trust fund, which shall be administered by the administrator. All moneys collected by the unclaimed property program from holders of property presumed abandoned and all proceeds from the sale of unclaimed property, less costs in connection with the sale of the abandoned property, shall be deposited into the unclaimed property trust fund.

(b) Moneys in the unclaimed property trust fund shall be used for the payment of the following:

(1) Claims for the return of abandoned property to their rightful owners;

(2) Payment to other states' unclaimed property programs for owners whose last known address was in that other state;

(3) Any costs incurred in connection with the sale of abandoned property;

(4) Costs of mailing and publication in connection with any abandoned property;

(5) Reasonable service charges;

(6) Costs incurred in examining the records of holders of property and in collecting such property from those holders; and

(7) Any other charges, costs, or expenses incurred in the operation, administration, and enforcement of this part.

(c) Except as provided in section 523A-12, moneys in the unclaimed property trust fund shall be invested by the administrator, and all investment earnings shall be deposited to the credit of the general fund.

(d) All unencumbered and unexpended moneys in excess of $1,300,000 remaining on balance in the unclaimed property trust fund on June 30 of each year shall lapse to the credit of the state general fund. [L 2008, c 55, pt of §1]

Previous Next
Disclaimer: These codes may not be the most recent version. Hawaii may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.