§ 67-4a-801. Interstate agreements and cooperation -- Joint and reciprocal actions with other states.

(1)

(a) The administrator may enter into agreements with other states to exchange information needed to enable Utah or another state to audit or otherwise determine unclaimed property that Utah or another state may be entitled to subject to a claim of custody.

(b) The administrator may:

(i) require the reporting of information needed to enable compliance with agreements made under this section; and

(ii) prescribe the form for reporting that information.

(2) The administrator may join with other states to seek enforcement of this chapter against any person who is or may be holding property reportable under this chapter.

(3) At the request of another state, the attorney general of Utah may bring an action in the name of the administrator of the other state in any court of competent jurisdiction to enforce the unclaimed property laws of the other state against a holder in this state of property subject to escheat or a claim of abandonment by the other state, if the other state has agreed to pay expenses incurred by the attorney general in bringing the action.

(4)

(a) The administrator may request that the attorney general of another state or any other person bring an action in the name of the administrator in the other state.

(b) The administrator shall pay all expenses including attorney's fees in any action under this subsection.

(c) The administrator may agree to pay the person bringing the action attorney's fees based in whole or in part on a percentage of the value of any property recovered in the action.

(d) The administrator may not deduct any expenses paid under this subsection from the amount that is subject to the claim by the owner under this chapter.

Enacted by Chapter 198, 1995 General Session