Bill Text: AZ HB2375 | 2012 | Fiftieth Legislature 2nd Regular | Introduced

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Bill Title: Escheated property; proceeds; claim

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-01-19 - Referred to House JUD Committee [HB2375 Detail]

Download: Arizona-2012-HB2375-Introduced.html

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REFERENCE TITLE: escheated property; proceeds; claim

 

 

 

State of Arizona

House of Representatives

Fiftieth Legislature

Second Regular Session

2012

 

 

HB 2375

 

Introduced by

Representative Farnsworth

 

 

AN ACT

 

amending section 12‑886, Arizona Revised Statutes; relating to escheat.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1.  Section 12-886, Arizona Revised Statutes, is amended to read:

START_STATUTE12-886.  Claim by heir, devisee or owner of proceeds from sale of escheated property

If a person appears and claims any of the proceeds from the sale of escheated property as an heir or devisee, or as the owner who was absent for five years, he the person may file a claim to the proceeds with the department of revenue on a form prescribed by the department.  A person has seven years from the time of sale of the escheated property to file a claim with the department of revenue for the proceeds. END_STATUTE