33 §2154. When administrator must honor claim for property
§2154. When administrator must honor claim for property 1. Administrator shall pay claim. The administrator shall pay or deliver property to a claimant under section 2153, subsection 1 if the administrator receives evidence sufficient to establish to the satisfaction of the administrator that the claimant is the owner of the property. [PL 2019, c. […]
33 §2184. Judicial remedy
§2184. Judicial remedy 1. Action by putative holder. Not later than 90 days after receiving notice of the administrator’s determination under section 2170, the putative holder may: A. File an action against the administrator in the Superior Court of Kennebec County challenging the administrator’s determination of liability and seeking a declaration that the determination […]
33 §2155. Allowance of claim for property
§2155. Allowance of claim for property 1. Pay or deliver within 30 days. Not later than 30 days after a claim is approved under section 2154, subsection 2, the administrator shall pay or deliver to the owner the property or pay to the owner the net proceeds of a sale of the property, together with […]
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 […]
33 §2156. Action by person whose claim is denied
§2156. Action by person whose claim is denied Not later than one year after being denied a claim under section 2154, the claimant may commence an action against the administrator in the Superior Court of Kennebec County to establish a claim. [PL 2019, c. 498, §22 (NEW).] SECTION HISTORY PL 2019, c. 498, §22 […]
33 §2120. Periods of limitation and repose
§2120. Periods of limitation and repose 1. Holder’s duty to pay or deliver. Expiration, before, on or after October 1, 2019, of a period of limitation on an owner’s right to receive or recover property, whether specified by contract, statute or court order, does not prevent the property from being presumed abandoned or affect the […]
33 §2131. Public sale of property
§2131. Public sale of property 1. Sale after one year. Subject to section 2132, not earlier than one year after receipt of property presumed abandoned, the administrator may sell the property. [PL 2019, c. 498, §22 (NEW).] 2. Notice of sale. Before selling property under subsection 1, the administrator shall give notice to the […]
33 §2132. Disposal of securities
§2132. Disposal of securities 1. Sell or liquidate security after one year. Except as provided in section 2155, subsection 1, the administrator may not sell or otherwise liquidate a security until one year after the administrator receives the security. [PL 2019, c. 498, §22 (NEW).] 2. Price of security. The administrator may not sell […]
33 §2133. Recovery of securities or value by owner
§2133. Recovery of securities or value by owner 1. Claim for securities sold before one year after delivery. If securities are sold by the administrator before the expiration of one year after their delivery to the administrator, a person making a claim under this Act before the end of the one-year period is entitled to […]
33 §2134. Purchaser owns property after sale
§2134. Purchaser owns property after sale A purchaser of property at a sale conducted by the administrator under this Act takes the property free of all claims of the owner, a previous holder or a person claiming through the owner or holder. The administrator shall execute documents necessary to complete the transfer of ownership to […]