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:
12-886. 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.