37 C.F.R. § 384.8
Current through May 31, 2024
If the Collective is unable to identify or locate a Copyright Owner who is entitled to receive a royalty distribution under this part, the Collective shall retain the required payment in a segregated trust account for a period of 3 years from the date of distribution. No claim to such distribution shall be valid after the expiration of the 3-year period. After expiration of this period, the Collective may apply the unclaimed funds to offset any costs deductible under 17 U.S.C. 114(g)(3) . The foregoing shall apply notwithstanding the common law or statutes of any State.
37 C.F.R. §384.8