(1) (a) A person claiming to be the owner of property held under this chapter by the administrator may file a claim for the property on a form prescribed by the administrator. (b) The claimant shall verify the claim as to its completeness and accuracy.
(a) A person claiming to be the owner of property held under this chapter by the administrator may file a claim for the property on a form prescribed by the administrator.
(b) The claimant shall verify the claim as to its completeness and accuracy.
(2) If the owner claiming the unclaimed property is a creditor the following apply: (a) (i) the exclusive remedy for satisfying a creditor's judgement is payment of a claim under the act; and (ii) a writ of attachment, garnishment, or execution is prohibited on unclaimed property; (b) a creditor may only receive the value of the creditor's judgment or the amount held by the administrator, whichever is less; and (c) the administrator may waive the requirement in Subsection (1) and may pay or deliver property directly to a person if: (i) the person receiving the property or payment is shown to be the apparent owner included on a report filed under Section 67-4a-401; (ii) the administrator reasonably believes the person is entitled to receive the property or payment; and (iii) the property has a value of less than $500.
(a) (i) the exclusive remedy for satisfying a creditor's judgement is payment of a claim under the act; and (ii) a writ of attachment, garnishment, or execution is prohibited on unclaimed property;
(i) the exclusive remedy for satisfying a creditor's judgement is payment of a claim under the act; and
(ii) a writ of attachment, garnishment, or execution is prohibited on unclaimed property;
(b) a creditor may only receive the value of the creditor's judgment or the amount held by the administrator, whichever is less; and
(c) the administrator may waive the requirement in Subsection (1) and may pay or deliver property directly to a person if: (i) the person receiving the property or payment is shown to be the apparent owner included on a report filed under Section 67-4a-401; (ii) the administrator reasonably believes the person is entitled to receive the property or payment; and (iii) the property has a value of less than $500.
(i) the person receiving the property or payment is shown to be the apparent owner included on a report filed under Section 67-4a-401;
(ii) the administrator reasonably believes the person is entitled to receive the property or payment; and
(iii) the property has a value of less than $500.
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