Title 34 — Title 34 — Property, Conveyances And Security Transactions

Filing of the notice does not validate or make enforceable any claim which would be extinguished under the terms of a written loan agreement or which would otherwise be invalid or unenforceable. The notice of intent to preserve an interest shall be effective for ten (10) years. T…

Lender's duties. The lender of property on loan to a museum shall notify the museum promptly in writing of any change of address or change in ownership of the property. Failure to notify the museum pursuant to this section may result in the lender's loss of ownership in the prope…

Intent to preserve an interest. (a) The lender may file with a museum a notice of intent to preserve an interest in the property on loan to the museum within sixty (60) days of receipt of the notice required in W.S.

Conservation or disposal of loaned property. (a) A museum may apply measures to or dispose of property on loan to the museum without the permission of the lender if: (i) No notice of intent to preserve an interest has been filed or refiled pursuant to W.S. 34-23-104(a) and any ap…

Notice of injury or loss. A museum shall provide prompt notice to the lender of any known injury to or loss of property on loan.

Notice of intent to terminate loan. (a) A museum may provide notice of the museum's intent to terminate a loan: (i) To a lender who has filed a notice of intent to preserve an interest; (ii) To a lender who has not filed a notice of intent to preserve an interest if a lending agr…

Limitations on actions against the museum. (a) Any action against a museum for damages because of injury to or loss of property loaned to the museum is barred unless commenced within one (1) year from the date the museum provides notice to the lender of the injury or loss or with…

construction. Short title; policy statement; uniform (a) This act may be cited as the "Uniform Unclaimed Property Act." (b) Property shall be deemed to be "abandoned" or "unclaimed" when: (i) It is held, issued or owing by a holder; (ii) The identity, status or present location o…

(a) Definitions. As used in this act: (i) "Administrator" means the state treasurer; (ii) "Apparent owner" means the person whose name appears on the records of the holder as the person entitled to property held, issued or owing by the holder; (iii) "Attorney general" means the c…

Property deemed abandoned; general rule. (a) Except as otherwise provided by this act, all intangible property, including any income or increment derived therefrom, less any lawful charges, that is held, issued or owing in the ordinary course of a holder's business and has remain…

General rules for taking custody of intangible unclaimed property. (a) Unless otherwise provided in this act or by other statute of this state, intangible property is subject to the custody of this state as unclaimed property if the property is deemed abandoned under W.S. 34-24-1…

[Repealed or reserved.]

Checks, drafts and similar instruments issued or certified by banking and financial organizations. (a) Any sum payable on a check, draft or similar instrument, except those subject to W.S. 34-24-105, on which a banking or financial organization is directly liable, including a cas…

organizations. Bank deposits and funds in financial (a) Any demand, savings or matured time deposit with a banking or financial organization, including a deposit that is automatically renewable, and any funds paid toward the purchase of a share, a mutual investment certificate or…

Funds owing under life insurance policies. (a) Funds held or owing under any life or endowment insurance policy or annuity contract that has matured or terminated are deemed abandoned if unclaimed for more than five (5) years after the funds became due and payable as established …

Deposits held by utilities. (a) Subject to subsection (b) of this section, a deposit, including any interest thereon, made by a subscriber with a utility to secure payment or any sum paid in advance for utility services to be furnished, less any lawful deductions, that remains un…

Refunds and payments resulting from judicial or administrative proceedings. (a) The sum to be paid as a refund, under an order or decision of a court or administrative agency or by agreement, remaining unclaimed for more than six (6) months after it became payable, is deemed aban…

Stock and other intangible interests in business associations. (a) Any stock, shareholding, or other intangible ownership interest in a business association, the existence of which is evidenced by records available to the association, is deemed abandoned and, with respect to the …

Property held by agents and fiduciaries. (a) All intangible property and any income or increment derived therefrom, held in a fiduciary capacity for the benefit of another person is deemed abandoned unless the owner, within five (5) years after it has become payable or distributa…

Property held by courts and public agencies. Any intangible property held by the executive, legislative or judicial branch of the United States government, or a state or a county or municipal subdivision of a state, or any of their authorities, agencies, instrumentalities, admini…

Gift certificates, merchant stored value cards and credit memos. (a) Except as provided by subsection (e) of this section, a gift certificate, merchant stored value card or a credit memo is deemed abandoned if the balance remaining is greater than one hundred dollars ($100.00) an…

Wages. Unpaid wages, including wages represented by unpresented payroll checks, owing in the ordinary course of the holder's business which remain unclaimed by the owner for more than one (1) year after becoming payable are deemed abandoned.

Contents of safe deposit box or other safekeeping repository. All tangible and intangible property held in a safe deposit box or any other safekeeping repository in this state in the ordinary course of the holder's business and proceeds resulting from the sale of the property per…

Mineral proceeds. (a) Any sum payable as mineral proceeds that has remained unclaimed by the owner for more than three (3) years after it became payable or distributable and the owner's underlying right to receive those mineral proceeds are deemed abandoned. (b) At the time an ow…

Report of abandoned property. (a) A person holding property tangible or intangible, deemed abandoned and subject to custody as unclaimed property under this act, shall report to the administrator concerning the property as provided in this section. (b) The report shall be verifie…

Abandoned property lists; notice and publication of lists of abandoned property. (a) The administrator shall prepare two (2) lists with information about property paid or delivered to the administrator under W.S. 34-24-120: (i) One list shall refer to all unclaimed funds of fifty…

Payment or delivery of abandoned property. (a) At the time of the filing of the report required by W.S. 34-24-118 and with that report, the person holding property deemed abandoned and subject to custody as unclaimed property shall pay or deliver to the administrator all of the p…

Custody by state; holder relieved from liability; reimbursement of holder paying claim; reclaiming for owner; defense of holder; payment of safe deposit box or repository charges. (a) Upon the payment or delivery of property to the administrator, the state assumes custody and res…

Amount recoverable by owner. Whenever property is paid or delivered to the administrator under this act, the owner is entitled to receive from the administrator the principal amount turned over to the state.

Public sale of abandoned property. (a) Except as provided in subsections (b) and (c) of this section, the administrator, within three (3) years after the receipt of abandoned property, shall sell it to the highest bidder at public sale in whatever city in the state affords in the…

Deposit of funds; investment of funds; loans; immunity from liability. (a) Except as otherwise provided by this section, the administrator shall promptly deposit in the unclaimed property account all funds received under this act, including the proceeds from the sale of abandoned…

Filing of claim with administrator. (a) A person, excluding another state, claiming an interest in any property paid or delivered to the administrator may file with the administrator a claim on a form prescribed by the administrator and verified by the claimant. (b) The administr…

procedure. Claim of another state to recover property; (a) At any time after property has been paid or delivered to the administrator under this act another state may recover the property if: (i) The property was subjected to custody by this state because the records of the holde…

Action to establish claim. A person aggrieved by a decision of the administrator or whose claim has not been acted upon within ninety (90) days after its filing may bring an action to establish the claim in the district court of the county where the claimant resides or in the dis…

Delivery prior to abandonment. A holder, with the written consent of the administrator and upon conditions and terms prescribed by him, may report and deliver property before the property is deemed abandoned. Property delivered under this subsection shall be held by the administr…

Destruction or disposition of property having insubstantial commercial value; immunity from liability. If the administrator determines after investigation that any property delivered under this act has insubstantial commercial value, the administrator may destroy or otherwise dis…

Periods of limitation. (a) The expiration, before or after the effective date of this act, of any period of time specified by contract, statute or court order, during which a claim for money or property can be made or during which an action or proceeding may be commenced or enfor…

Examination of records. (a) If an examination of the records of a person results in the disclosure of property reportable and deliverable under this act, the administrator may assess the cost of the examination against the holder at the rate of one hundred dollars ($100.00) a day…

Retention of records. (a) Every holder required to file a report under W.S. 34-24-118, as to any property for which it has obtained the last known address of the owner, shall maintain a record of the name and last known address of the owner for five (5) years after the property b…

Enforcement. (a) The administrator, for and on behalf of this state, may commence an action, summary or otherwise, in the district court of the county where the defendant resides or in the district court of Laramie county: (i) For an adjudication that certain property is unclaime…

Interstate agreements and cooperation; joint and reciprocal actions with other states. (a) The administrator may enter into agreements with other states to exchange information needed to enable this or another state to audit or otherwise determine unclaimed property that it or an…

(a) Interest and penalties. Unless specifically exempted by federal law: (i) A person who willfully fails to present a report to the administrator when due or to perform any other duty required under this act, other than payment or delivery of unclaimed property as required by th…

Agreements to locate property. (a) All agreements from claimants to pay compensation to a third-party researcher to recover or assist in the recovery of property reported under W.S. 34-24-118, made within twenty-four (24) months after the date payment or delivery is made from the…

Foreign transactions. This act does not apply to any property held, due and owing in a foreign country and arising out of a foreign transaction.

application. Effect of new provisions; clarification of (a) This act does not relieve a holder of a duty that arose before the effective date of this act to report, pay or deliver property. A holder who did not comply with the law in effect before the effective date of this act i…

Rules. The administrator may adopt necessary rules to carry out the provisions of this act.

Property originated or issued by this state, any political subdivision hereof or any entity incorporated, organized, created or otherwise located herein. (a) All intangible property, including but not limited to securities, principal, interest, dividends, or other earnings thereo…

System of plane coordinates adopted. (a) The most recent version of the state plane coordinate system for the state of Wyoming that has been established by NGS, based on the NSRS for defining and stating the positions or locations of points on the surface of the earth within the …

Designation of coordinates. The plane coordinates of a point on the earth's surface, to be used in expressing the position or location of such point in the appropriate zone of this system, shall consist of two (2) distances, expressed in feet and decimals of a foot, or meters and…

Land extending into other zones. When any tract of land to be defined by a single description extends from one (1) zone into other zones, the positions of all the points on its boundaries shall be referred to as only one (1) of the zones, the zone which is used shall be specifica…