67-4a-601 - Records retention.
67-4a-601. Records retention.
(1) Except as provided in Subsection (2), each holder required to file a report under Part3 shall maintain a record of the name and last-known address of the owner for five years after thedate the holder files the report.
(2) Any business association that sells in this state its traveler's checks, money orders, orother similar written instruments, other than third-party bank checks on which the businessassociation is directly liable, or that provides such instruments to others for sale in this state, shallmaintain a record of those instruments while they remain outstanding, indicating the state anddate of issue for three years after the date the property is reportable.
Amended by Chapter 18, 2007 General Session