§ 33-21.1-33 - Interstate agreements and cooperation – Joint and reciprocal actions with other states.
SECTION 33-21.1-33
§ 33-21.1-33 Interstate agreements andcooperation – Joint and reciprocal actions with other states. – (a) The administrator may enter into agreements with other states to exchangeinformation needed to enable this or another state to audit or otherwisedetermine unclaimed property that it or another state may be entitled tosubject to a claim of custody. The administrator by rule may require thereporting of information needed to enable compliance with agreements madepursuant to this section and prescribe the form.
(b) To avoid conflicts between the administrator's proceduresand the procedures of administrators in other jurisdictions that enact theUniform Unclaimed Property Act, the administrator, so far as is consistent withthe purposes, policies, and provisions of this chapter, before adopting,amending or repealing rules, shall advise and consult with administrators inother jurisdictions that enact substantially the Uniform Unclaimed Property Actand take into considerations the rules of administrators in other jurisdictionsthat enact the Uniform Unclaimed Property Act.
(c) The administrator may join with other states to seekenforcement of this chapter against any person who is or may be holdingproperty reportable under this chapter.
(d) At the request of another state, the attorney general ofthis state may bring an action in the name of the administrator of the otherstate in any court of competent jurisdiction to enforce the unclaimed propertylaws of the other state against a holder in this state of property subject toescheat or a claim of abandonment by the other state, if the other state hasagreed to pay expenses incurred by the attorney general in bringing the action.
(e) The administrator may request that the attorney generalof another state, or any other person, bring an action in the name of theadministrator in the other state. This state shall pay all expenses includingattorney's fees in any action under this subsection. The administrator mayagree to pay the person bringing the action attorney's fees based in whole orin part on a percentage of the value of any property recovered in the action.Any expenses paid pursuant to this subsection may not be deducted from theamount that is subject to the claim by the owner under this chapter.