Section 35-12-73 - Exemptions(a) The following entities are exempt from reporting property under this article: (1) Electric cooperatives organized under Chapters 6 and 7 of Title 37.(2) Incorporated municipalities and incorporated municipal boards and county and county boards of this state.(b) The following property is exempt from reporting under this article: (1) A gift certificate, gift card, or in-store merchandise credit issued or maintained by any person engaged primarily in the business of selling tangible personal property at retail.(2) Property held, due, and owing in a foreign country and arising out of a foreign transaction.(3) Unclaimed funds held pursuant to Section 19-3-87.Ala. Code § 35-12-73 (1975)
Amended by Act 2023-102,§ 1, eff. 8/1/2023.Act 2004-440, p. 755, §1.