Current through the 2024 Fourth Special Session
Section 67-4a-703 - Recovery of securities or value by owner(1) The administrator may not be held liable for any loss or gain in the value that the financial instrument would have obtained had the financial instrument been held instead of being sold.(2) Upon approval of a claim, the owner, heir, or agent may request the administrator to dispose of the securities by sale and remit the net proceeds to the owner, heir, or agent.(3) Upon disapproval of the claim, the administrator may dispose of the securities by sale.Repealed and reenacted by Chapter 371, 2017 General Session ,§ 45, eff. 5/9/2017.Amended by Chapter 382, 2008 General Session.