1. (1) The administrator may take custody of property that is presumed abandoned, whether located in this state, another state, or a foreign country if:

   1. (a) The last-known address of the apparent owner in the records of the holder is in this state; or
   2. (b) The records of the holder do not reflect the identity or last-known address of the apparent owner, but the administrator has determined that the last-known address of the apparent owner is in this state.

Source: L. 2019: Entire article R&RE, (SB 19-088), ch. 110, p. 425, § 1, effective July 1, 2020.