Division of Unclaimed Property v. McKay Dee Credit Union

RUSSON, Justice:

McKay Dee Credit Union appeals from the district court’s grant of summary judgment in favor of the Division of Unclaimed Property, a division of the Utah State Treasurer’s office. The trial court ordered the credit union to remit the total amount of seven unclaimed checks, plus interest, to the State pursuant to the Uniform Unclaimed Property Act. We affirm.

BACKGROUND

The Uniform Unclaimed Property Act (“Unclaimed Property Act” or “Act”) governs the disposition of unclaimed or abandoned property. 1 The Act requires a holder of unclaimed intangible property to remit the property…