33 §2135. Military medal or decoration
§2135. Military medal or decoration 1. Sale prohibited. The administrator may not sell a medal or decoration awarded for military service in the Armed Forces of the United States. [PL 2019, c. 498, §22 (NEW).] 2. Delivery of medal or decoration. The administrator, with the consent of the respective organization under paragraph A, agency […]
33 §2141. Deposit of funds by administrator
§2141. Deposit of funds by administrator 1. Unclaimed Property Fund. The administrator shall deposit in the Unclaimed Property Fund all funds received under this Act, including proceeds from the sale of property under subchapter 7. The Unclaimed Property Fund is a permanent account and may not lapse, but must be carried forward. [PL 2019, […]
33 §2111. Definition of good faith
§2111. Definition of good faith In this subchapter, payment or delivery of property is made in good faith if a holder: [PL 2019, c. 498, §22 (NEW).] 1. Reasonable basis. Had a reasonable basis for believing, based on the facts then known, that the property was required or permitted to be paid or delivered […]
33 §2142. Administrator to retain records of property
§2142. Administrator to retain records of property The administrator shall: [PL 2019, c. 498, §22 (NEW).] 1. Name and address of apparent owners. Record and retain the name and last known address of each person shown on a report filed under section 2091 to be the apparent owner of property delivered to the administrator; […]
33 §2112. Dormancy charge
§2112. Dormancy charge 1. Deduct dormancy charge. A holder may deduct a dormancy charge from property required to be paid or delivered to the administrator if: A. A valid contract between the holder and the apparent owner authorizes imposition of the charge for the apparent owner’s failure to claim the property within a specified […]
33 §2143. Expenses and service charges of administrator
§2143. Expenses and service charges of administrator Before making a deposit of funds received under this Act to the Unclaimed Property Fund under section 2141, the administrator may deduct: [PL 2019, c. 498, §22 (NEW).] 1. Expenses of disposition of property. Expenses of disposition of property delivered to the administrator under this Act; […]
33 §2113. Payment or delivery of property to administrator
§2113. Payment or delivery of property to administrator 1. Payment or delivery. Except as otherwise provided in this section, on filing a report under section 2091, the holder shall pay or deliver to the administrator the property described in the report. [PL 2019, c. 498, §22 (NEW).] 2. Extension of date. If property in […]
33 §2144. Administrator holds property as custodian for owner
§2144. Administrator holds property as custodian for owner Except as provided in section 2072, property received by the administrator under this Act is held in custody for the benefit of the owner and is not owned by the State. [PL 2019, c. 498, §22 (NEW).] SECTION HISTORY PL 2019, c. 498, §22 (NEW).
33 §2114. Effect of payment or delivery of property to administrator
§2114. Effect of payment or delivery of property to administrator 1. No liability of holder on payment or delivery. On payment or delivery of property to the administrator under this Act, the administrator as agent for the State assumes custody and responsibility for safekeeping the property. A holder that pays or delivers property to the […]
33 §2151. Claim of another state to recover property
§2151. Claim of another state to recover property 1. Subject to superior claim of another state. If the administrator knows that property held by the administrator under this Act is subject to a superior claim of another state, the administrator shall: A. Report and pay or deliver the property to the other state; or […]