67-4a-602. Businesses not to circumvent requirements of chapter.
A corporation or business may not, through its articles of incorporation, by-laws, by
private agreement, or otherwise, circumvent the unclaimed property process established by this
chapter by making a private escheat that would:
(1) take or divert funds or personal property into income;
(2) divide funds or personal property among locatable patrons or stockholders;
(3) place funds or personal property in education or other funds; or
(4) divert funds or personal property by any other type of appropriation.
Enacted by Chapter 198, 1995 General Session
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Last revised: Thursday, May 28, 2009