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 […]
33 §2191. Judicial action to enforce liability
§2191. Judicial action to enforce liability 1. Enforcement of determination. If a determination under section 2170 becomes final and is not subject to administrative or judicial review, the administrator may commence an action in the Superior Court of Kennebec County or in an appropriate court of another state to enforce the determination and secure payment […]