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Current as of January 01, 2024 | Updated by FindLaw Staff
(1) Subject to the provisions of section 14-5-210, Idaho Code, the net card value of a stored value card, other than a payroll card that has not been duly converted to a federal deposit insurance corporation-insured, owner accessible account balance at a financial institution, is presumed abandoned five (5) years after the latest of:
(a) December 31 of the year in which the card is issued or additional funds are deposited into it;
(b) The most recent indication of interest in the card by the apparent owner; or
(c) A verification or review of the balance by or on behalf of the apparent owner.
(2) The amount presumed abandoned in a stored value card is the net card value at the time it is presumed abandoned.
Cite this article: FindLaw.com - Idaho Statutes Title 14. Estates of Decedents § 14-5-206. When stored value card presumed abandoned - last updated January 01, 2024 | https://codes.findlaw.com/id/title-14-estates-of-decedents/id-st-sect-14-5-206/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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