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 §2163. Rules for conducting examination
§2163. Rules for conducting examination The administrator may adopt rules governing procedures and standards for an examination under section 2162. [PL 2019, c. 498, §22 (NEW).] SECTION HISTORY PL 2019, c. 498, §22 (NEW).
33 §2164. Records obtained in examination
§2164. Records obtained in examination Records obtained and records compiled, including work papers, by the administrator in the course of conducting an examination under section 2162: [PL 2019, c. 498, §22 (NEW).] 1. Confidentiality and security provisions. Are subject to the confidentiality and security provisions of subchapter 14 and are not public records; […]
33 §2165. Evidence of unpaid debt or undischarged obligation
§2165. Evidence of unpaid debt or undischarged obligation 1. Prima facie evidence of debt or obligation. A record of a putative holder showing an unpaid debt or undischarged obligation is prima facie evidence of the debt or obligation. [PL 2019, c. 498, §22 (NEW).] 2. Preponderance of evidence. A putative holder may establish by […]
33 §2166. Failure of person examined to retain records
§2166. Failure of person examined to retain records If a person subject to examination under section 2162 does not retain the records as required by section 2094, the administrator may determine the value of property due using a reasonable method of estimation based on all information available to the administrator, including extrapolation and use of […]
33 §2167. Report to person whose records were examined
§2167. Report to person whose records were examined At the conclusion of an examination under section 2162, upon request, the administrator shall provide to the person whose records were examined a report that specifies: [PL 2019, c. 498, §22 (NEW).] 1. Work performed. The work performed; [PL 2019, c. 498, §22 (NEW).] 2. […]