2006 Utah Code - 31A-27-338 — Unclaimed funds.

     31A-27-338.   Unclaimed funds.
     All unclaimed funds subject to distribution which remain in the liquidator's hands when he is ready to apply to the court for discharge, including the amount distributable to any creditor, shareholder, member, or other person who is unknown or cannot be found or who is under disability with no person legally competent to receive a distributive share, shall be deposited with the state treasurer, and shall be paid over without interest to the person entitled to them or his legal representative upon satisfactory proof to the state treasurer of his right to the funds. Any amount on deposit which is not claimed within six years from the discharge of the liquidator is considered abandoned and becomes the property of the state. At the end of each fiscal year the state treasurer shall transfer these amounts to the Uniform School Fund.

Enacted by Chapter 242, 1985 General Session