§ 67-4a-401. Report required by holder.

(1) (a) A holder of property presumed abandoned and subject to the custody of the administrator shall report in a record to the administrator concerning the property. (b) A holder shall report via the Internet in a format approved by the administrator, unless the administrator gives a holder specific permission to file a paper report. (2) A holder may contract with a third party to make the report required under Subsection (1). (3) Whether or not a holder contracts with a third party under Subsection (2), the holder is responsible: (a) to the administrator for the complete, accurate, and timely reporting of property presumed abandoned; and (b) for paying or delivering to the administrator property described in the report.