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Can you summarize HIRS Chapter 523A?
PROPERTY > Unclaimed Property
Short Summary
The provided legal document content pertains to the definitions section of the Uniform Unclaimed Property Act. It defines various terms used in the act, including ‘Administrator’, ‘Apparent owner’, ‘Business association’, ‘Domicile’, ‘Financial organization’, ‘Holder’, ‘Insurance company’, ‘Mineral’, ‘Mineral proceeds’, ‘Money order’, ‘Owner’, ‘Person’, ‘Property’, ‘Record’, ‘State’, and ‘Utility’. The definitions clarify the meaning of these terms within the context of the act. The document applies to individuals and entities holding unclaimed property. It does not mention any specific exemptions or penalties for non-compliance. The purpose of this section is to provide clear and precise definitions to ensure consistent interpretation and application of the Uniform Unclaimed Property Act.
Whom does it apply to?
Individuals and entities holding unclaimed property
What does it govern?
Definitions section of the Uniform Unclaimed Property Act
What are exemptions?
No specific exemptions are mentioned
What are the Penalties?
No specific penalties for non-compliance are mentioned
Jurisdiction
Hawaii