Current through the 2024 Fourth Special Session
Section 67-4a-1003 - Rules for conducting examination(1)(a) The administrator may adopt rules governing procedures and standards for an examination under Section 67-4a-1002.(b) The rules may reference any standards concerning unclaimed property examinations promulgated by the National Association of Unclaimed Property Administrators.(2) An examination under Section 67-4a-1002 shall be performed under rules adopted under Subsection (1).(3) If a person subject to examination under Section 67-4a-1002 has filed the reports required under Section 67-4a-401 and Section 67-4a-1001 and has retained the records required by Section 67-4a-404, the following rules apply: (a) the examination shall include a review of the person's records;(b) the examination may not be based on an estimate unless the person expressly consents in a record to the use of an estimate; and(c) the person conducting the examination shall consider the evidence presented in good faith by the person in preparing the findings of the examination under Section 67-4a-1007.Added by Chapter 371, 2017 General Session ,§ 60, eff. 5/9/2017.