§ 33-21.1-1. Definitions and use of terms. As used in this chapter, unless the context otherwise requires: (1) “Administrator” means the general treasurer or his or her designee, including agents hired for the express purpose of auditing, assessing and collecting unclaimed property. (2) “Apparent owner” means the person whose name appears on the records of […]
§ 33-21.1-10. Stock and other intangible interests in business associations. (a) Except as provided in subsections (b) and (e), stock or other intangible ownership interest in a business association, the existence of which is evidenced by records available to the association, is presumed abandoned and, with respect to the interest, the association is the holder, […]
§ 33-21.1-11. Repealed. History of Section.P.L. 1986, ch. 500, § 3; Repealed by P.L. 1992, ch. 133, art. 86, § 3, effective July 1, 1992.
§ 33-21.1-12. Property held by agents and fiduciaries. (a) Intangible property and any income or increment derived from the intangible property held in a fiduciary capacity for the benefit of another person is presumed abandoned unless the owner, within three (3) years after it has become payable or distributable, has increased or decreased the principal, […]
§ 33-21.1-13. Property held by courts and public agencies. Intangible property held for the owner by a court, state, or other government, governmental subdivision or agency, public corporation, or public authority which remains unclaimed by the owner for more than one year after becoming payable or distributable is presumed abandoned. Intangible property held by a […]
§ 33-21.1-14. Gift certificates and credit memos. (a) A credit memo issued by a business association that remains unredeemed for more than three (3) years after issuance is presumed abandoned. Pursuant to § 6-13-12, gift certificates shall not be presumed to be abandoned. (b) In the case of a credit memo, the amount presumed abandoned […]
§ 33-21.1-14.1. Property held by police departments. (a) All tangible and intangible personal property and any income from this property which has been confiscated by any city, town, or state police department and has been held in the custody of the department for six (6) months or more shall be presumed abandoned and shall revert […]
§ 33-21.1-14.2. Property held by hospitals, private, nonprofit institution of higher education or other domestic charitable corporations. All intangible property in the form of uncashed vendor checks which have been held in the custody of a hospital, private, nonprofit institutions of higher education or such other domestic charitable corporations for three (3) or more years […]
§ 33-21.1-15. Wages. Unpaid wages, including wages represented by unpresented payroll checks, owing in the ordinary course of the holder’s business which remain unclaimed by the owner for more than one year after becoming payable are presumed abandoned. In addition, unpaid wages, including wages represented by unpresented payroll checks, owing in the ordinary course of […]
§ 33-21.1-16. Contents of safe deposit box or other safekeeping repository. All tangible and intangible property held in a safe deposit box or any other safekeeping repository 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, which remain unclaimed by […]
§ 33-21.1-16.1. Unclaimed demutualization proceeds. Property distributable in the course of a demutualization of an insurance company is deemed abandoned two (2) years after the date the property is first distributable if, at the time of the first distribution the last known address of the owner on the books and records of the holder is […]
§ 33-21.1-17. Report of abandoned property. (a) A person holding property tangible or intangible, presumed abandoned and subject to custody as unclaimed property under this chapter, shall report to the administrator concerning the property as provided in this section. (b) The report must be verified and must include: (1) Except with respect to travelers checks […]
§ 33-21.1-18. Notice and publication of lists of abandoned property. (a) The administrator shall place an advertisement, twice a year, one not later than March 1 and one not later than October 15, at least once a week for two (2) consecutive weeks in a newspaper or combination of newspapers of general circulation that reach […]
§ 33-21.1-19. Payment or delivery of abandoned property. (a) Except as otherwise provided in subsection (b), a person who is required to file a report under § 33-21.1-17, shall at the time of filing the report as required by § 33-21.1-17 pay or deliver to the administrator all abandoned property required to be reported. (b) […]
§ 33-21.1-2. Property presumed abandoned. (a) Except as otherwise provided by this chapter, all intangible property, including any income or increment derived from intangible property, less any lawful charges, that is held, issued, or owing in the ordinary course of a holder’s business and has remained unclaimed by the owner for more than three (3) […]
§ 33-21.1-2.1. United States savings bonds unclaimed property escheat procedure. (a) Notwithstanding the provisions of § 33-21.1-2(b), United States savings bonds that are unclaimed property and subject to the provisions of this chapter shall escheat to the state of Rhode Island three (3) years after becoming unclaimed property, and all property rights to such United […]
§ 33-21.1-20. Custody by state — Defense of holder — Payment of safe deposit box or repository charges. (a) Upon the payment or delivery of property to the administrator, the state assumes custody and responsibility for the safekeeping of the property. A person who pays or delivers property to the administrator in good faith is […]
§ 33-21.1-21. Crediting of dividends, interest or increments to owner’s account. Whenever property, other than money, is paid or delivered to the administrator under this chapter, the owner is entitled to receive from the administrator any dividends, interest, or other increments, realized or accruing on the property at or before liquidation or conversion of the […]
§ 33-21.1-22. Public sale of abandoned property. (a) The administrator shall sell abandoned property to the highest bidder at public sale in whatever city in the state affords in the judgment of the administrator the most favorable market for the property involved. The administrator may decline the highest bid and reoffer the property for sale […]
§ 33-21.1-23. Deposit of funds. (a) Except as otherwise provided by this section, the administrator shall promptly deposit in the general fund of this state all funds received under this chapter, including the proceeds from the sale of abandoned property under § 33-21.1-22. The administrator shall retain in a separate bank account an amount not […]
