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Can you summarize WYST Title 34, Chapter 24?
PROPERTY, CONVEYANCES AND SECURITY TRANSACTIONS > UNIFORM UNCLAIMED PROPERTY ACT
Short Summary
The Wyoming Uniform Unclaimed Property Act governs the treatment of abandoned or unclaimed property in the state. It applies to various entities, including individuals, business associations, government entities, and more. The act defines terms such as ‘administrator’, ‘apparent owner’, ‘attorney general’, and ‘holder’. It covers different types of property, including intangible property, mineral proceeds, bank deposits, and more. The act establishes the framework for handling unclaimed property, including reporting requirements, payment or delivery to the administrator, public sale of abandoned property, and the custody of property by the state. It also addresses the rights and responsibilities of holders, the filing of claims by owners, interstate agreements and cooperation, and penalties for non-compliance. Overall, the act aims to ensure the proper handling and disposition of unclaimed property in Wyoming.
Whom does it apply to?
The act applies to a wide range of entities, including individuals, business associations, government entities, public corporations, public authorities, estates, trusts, joint interest holders, and other legal or commercial entities.
What does it govern?
The Uniform Unclaimed Property Act governs the treatment of abandoned or unclaimed property in Wyoming.
What are exemptions?
The act does not specify any exemptions or penalties.
What are the Penalties?
No specific penalties are mentioned in this document.
Jurisdiction
Wyoming