Burden of proof to establish Administrator’s right to custody

§ 1487. Burden of proof to establish Administrator’s right to custody

If the Administrator asserts a right to custody of unclaimed property, the Administrator has the burden to prove:

(1) the existence and amount of the property;

(2) the property is presumed abandoned; and

(3) the property is subject to the custody of the Administrator. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)