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Enrolled Copy S.B. 175 1 UNIFORM UNCLAIMED PROPERTY ACT 2 2017 GENERAL SESSION 3 STATE OF UTAH 4 Chief Sponsor: Lyle W. Hill yard 5 House Sponsor: V. Lowry Snow 6 7 LONG TITLE 8 General Description:
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How to fill out uniform unclaimed property act

01
Gather all necessary information and documentation related to unclaimed property.
02
Identify the forms required to report unclaimed property in your specific jurisdiction.
03
Fill out the forms accurately and completely, providing all requested information.
04
Ensure that all reported unclaimed property complies with the guidelines and requirements of the uniform unclaimed property act.
05
Submit the completed forms and accompanying documentation to the relevant authority responsible for handling unclaimed property.
06
Maintain proper records and documentation of all reported unclaimed property for future reference and compliance purposes.

Who needs uniform unclaimed property act?

01
Financial institutions such as banks, credit unions, and insurance companies.
02
Businesses and corporations that hold customer or client funds, assets, or investments.
03
Government agencies and departments responsible for holding unclaimed property.
04
Individuals or organizations that act as fiduciaries or custodians of assets on behalf of others.
05
Entities involved in mergers, acquisitions, or other business transactions where unclaimed property may be transferred.
06
Accountants, attorneys, and professionals in the field of finance who advise clients on managing unclaimed property.
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The Uniform Unclaimed Property Act is a set of laws designed to protect the rights of property owners whose whereabouts are unknown by requiring companies to turn over unclaimed property to the state.
Any business or organization that holds unclaimed property belonging to others is required to file the Uniform Unclaimed Property Act.
To fill out the Uniform Unclaimed Property Act, businesses must gather information on unclaimed property they hold, report it to the state, and comply with state-specific rules and regulations.
The purpose of the Uniform Unclaimed Property Act is to protect the property rights of individuals by ensuring that unclaimed property is returned to its rightful owner or the state.
Businesses must report detailed information about unclaimed property, including the owner's name, last known address, and description of the property.
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