§2061. When property presumed abandoned Subject to section 2070, the following property is presumed abandoned if it is unclaimed by the apparent owner during the period specified: [PL 2019, c. 498, §22 (NEW).] 1. Traveler’s check. A traveler’s check, 15 years after issuance; [PL 2019, c. 498, §22 (NEW).] 2. Money order. A […]
§2062. When tax-deferred retirement account presumed abandoned 1. Presumed abandoned after 3 years. Subject to section 2070, property held in a pension account or retirement account that qualifies for tax deferral under the income tax laws of the United States is presumed abandoned if it is unclaimed by the apparent owner 3 years after the […]
§2063. When other tax-deferred account presumed abandoned 1. Presumed abandoned after 3 years. Subject to section 2070 and except for property described in section 2062, property held in an account or plan, including a health savings account, that qualifies for tax deferral under the income tax laws of the United States is presumed abandoned if […]
§2064. When custodial account for minor presumed abandoned 1. Presumed abandoned after 3 years. Subject to section 2070, and except as provided in subsection 3, property held in an account established under a state’s Uniform Gifts to Minors Act or Uniform Transfers to Minors Act, if it is unclaimed by or on behalf of the […]
§2065. When contents of safe deposit box presumed abandoned Tangible property held in a safe deposit box or other safekeeping depository in this State in the ordinary course of the holder’s business and proceeds resulting from the sale of the property permitted by other law are presumed abandoned if the property and proceeds remain unclaimed […]
§2066. When stored-value obligation presumed abandoned 1. Presumed abandoned after 3 years. Subject to section 2070, the net obligation value of a stored-value obligation is presumed abandoned on the latest of 3 years after: A. December 31st of the year in which the obligation is issued or additional funds are deposited into it; […]
§2067. When gift obligation presumed abandoned 1. Presumed abandoned after 2 years. Subject to section 2070, a gift obligation is presumed abandoned 2 years after December 31st of the year in which the obligation arises or the most recent transaction involving the obligation occurs, whichever is later. [PL 2019, c. 498, §22 (NEW).] 2. […]
§2068. When security presumed abandoned 1. If communications sent at least annually, presumed abandoned after 3 years. Subject to section 2070, if the holder sends communications to the apparent owner of a security by first class United States mail on at least an annual basis, a security is presumed abandoned 3 years after the later […]
§2069. When related property presumed abandoned At and after the time property is presumed abandoned under this Act, any other property right or interest accrued or accruing from the property and not previously presumed abandoned is also presumed abandoned. [PL 2019, c. 498, §22 (NEW).] SECTION HISTORY PL 2019, c. 498, §22 (NEW).
§2070. Indication of apparent owner 1. Period of abandonment. The period after which property is presumed abandoned is measured from the later of: A. The date the property is presumed abandoned under this subchapter; and [PL 2019, c. 498, §22 (NEW).] B. The latest indication of interest by the apparent owner in the […]
§2071. Deposit account for proceeds of insurance policy or annuity If proceeds payable under a life or endowment insurance policy or annuity contract are deposited into an account with check-writing or draft-writing privileges for the beneficiary of the policy or contract and, under a supplementary contract not involving annuity benefits other than death benefits, the […]
§2072. When United States savings bonds are presumed abandoned 1. Presumed abandoned. Notwithstanding section 2061, subsection 9 and sections 2112 and 2131, a United States savings bond subject to this chapter or held or owing in this State by any person is presumed abandoned in this State if: A. The last known address of […]
