If your business is holding money, securities, or other funds
that haven't been claimed by an owner for a period of time, then it's a
holder of unclaimed
property and must follow the Uniform Unclaimed Property Act. The Act requires all businesses
and government agencies to report any unclaimed property they hold. You can access Idaho's
Unclaimed Property Law through the "Related Links" page of our Web site.
Each year, all businesses and government agencies must review their records to
determine whether they have any unclaimed property. Property becomes unclaimed when:
- There's been no owner-initiated activity for a specified amount of time.
- Attempts to locate the owner have failed
For information about unclaimed property reporting requirements, visit the "How to
Report Property" pages of our Web site.
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