1. (1) The purpose of this rule is:

   1. (a) To protect the interests of the owners of unclaimed property; (to protect the public by ensuring that owners do not lose their rights to personal property that is justifiably theirs.)
   2. (b) To relieve holders of the annoyance, expense, and liability of keeping such property;
   3. (c) To preclude multiple liability; and,
   4. (d) To give the State of Utah the use of considerable sums of money which otherwise is a windfall to holders.

KEY: adjudicative procedures, state treasurer, unclaimed property

Date of Last Change: January 22, 2020

Notice of Continuation: January 21, 2025

Authorizing, and Implemented or Interpreted Law: 67-4a