33 §2215. Security breach
§2215. Security breach 1. Notice to holder. Except to the extent prohibited by law other than this Act, the administrator or administrator’s agent shall notify a holder as soon as practicable of: A. A suspected loss, misuse or unauthorized access, disclosure, modification or destruction of confidential information obtained from the holder in the possession […]
33 §2216. Indemnification for breach
§2216. Indemnification for breach 1. Indemnification of holder by State. If a claim is made or action commenced arising out of an event described in section 2215, subsection 1 relating to confidential information possessed by the administrator, this State shall indemnify, defend and hold harmless a holder and the holder’s affiliates, officers, directors, employees and […]
33 §2221. Relation to Electronic Signatures in Global and National Commerce Act
§2221. Relation to Electronic Signatures in Global and National Commerce Act This Act modifies, limits and supersedes the federal Electronic Signatures in Global and National Commerce Act, 15 United States Code, Section 7001 et seq., but does not modify, limit or supersede Section 101(c) of that Act, 15 United States Code, Section 7001(c), or authorize […]
33 §2222. Transitional provision
§2222. Transitional provision This Act does not relieve a holder of a duty that arose before October 1, 2019 to report, pay or deliver property. Subject to section 2120, subsection 2, a holder that did not comply with the law governing unclaimed property before October 1, 2019 is subject to applicable provisions for enforcement and […]
33 §2223. Effective date
§2223. Effective date This Act takes effect October 1, 2019. [PL 2019, c. 498, §22 (NEW).] SECTION HISTORY PL 2019, c. 498, §22 (NEW).
33 §2192. Interstate and international agreement; cooperation
§2192. Interstate and international agreement; cooperation 1. Exchange or examination. Subject to subsection 2, the administrator may: A. Exchange information with another state or foreign country relating to property presumed abandoned or relating to the possible existence of property presumed abandoned; and [PL 2019, c. 498, §22 (NEW).] B. Authorize in a record […]
33 §2193. Action involving another state or foreign country
§2193. Action involving another state or foreign country 1. Joint examination and enforcement. The administrator may join another state or foreign country to examine and seek enforcement of this Act against a putative holder. [PL 2019, c. 498, §22 (NEW).] 2. Action by Attorney General. On request of another state or foreign country, the […]
33 §2194. Interest and penalty for failure to act in timely manner
§2194. Interest and penalty for failure to act in timely manner 1. Interest. A holder that fails to report, pay or deliver property within the time prescribed by this Act shall pay to the administrator interest at an annual rate of 18%, or 10% above the annual rate of discount in effect on the date […]
33 §2195. Other civil penalties
§2195. Other civil penalties 1. Evading obligation or willfully failing to perform. If a holder enters into a contract or other arrangement for the purpose of evading an obligation under this Act or otherwise willfully fails to perform a duty imposed on the holder under this Act, the administrator may require the holder to pay […]
33 §2196. Waiver of interest and penalty
§2196. Waiver of interest and penalty The administrator: [PL 2019, c. 498, §22 (NEW).] 1. Waive interest and penalties. May waive, in whole or in part, interest under section 2194, subsection 1 and penalties under section 2194, subsection 2 or section 2195; and [PL 2019, c. 498, §22 (NEW).] 2. Good faith, without […]