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Utah Administrative Code

The Utah Administrative Code is the body of all effective administrative rules as compiled and organized by the Division of Administrative Rules (Subsection 63G-3-102(5); see also Sections 63G-3-701 and 702).

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Rule R966-1. Requirements for Claims where no Proof of Stock Ownership Exists.

As in effect on August 1, 2009

Table of Contents

R966-1-2. Proof Requirements and Bonds.

A. For verified claims with a value less than $500.00, the person may file an affidavit entitled "Uniform Affidavit of Lost Certificate". Such affidavit will constitute and provide sufficient indemnification to permit the administrator to allow the verified claim.

B. For verified claims with a value equal to or greater than $500.00, the person may obtain a bond issued by a licensed surety company rated at least "A" or better by A.M. Best and Co., called an abandoned property bond. The bond shall be a fixed bond for dividends and other definite dollar value items. The bond shall be an open bond for stock certificates and shares claimed. Presentation of the proper bond, or both bonds if both are required, will constitute and provide sufficient indemnification to allow the administrator to allow the verified claim.

KEY

stocks, bonds, property claims

Date of Enactment or Last Substantive Amendment

January 7, 2008

Notice of Continuation

October 26, 2007

Authorizing, Implemented, or Interpreted Law

67-4a-501

Rule converted into HTML by the Division of Administrative Rules.

For questions regarding the content or application of rules under Title R966, please contact the promulgating agency (Treasurer, Unclaimed Property). A list of agencies with links to their homepages is available at http://www.utah.gov/government/agencylist.html or from http://www.rules.utah.gov/contact/agencycontacts.htm.

For questions about the rulemaking process, please contact the Division of Administrative Rules (801-538-3764). Please Note: The Division of Administrative Rules is not able to answer questions about the content or application of these rules.

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