N.H. Admin. Code § Tre 303.10

Current through Register No. 50, December 12, 2024
Section Tre 303.10 - Agreements to Locate, Deliver, or Recover Reported Property
(a) Pursuant to RSA 471-C:39 agreements to pay compensation to locate, deliver, recover, orassist in the recovery of propertyare unenforceable if made within 24 months of receipt of the property by the abandoned property division.
(b) Such an agreement shall only be valid if it:
(1) Is in writing;
(2) Issigned by the apparent owner;
(3) Sets forth the nature and value of the property;
(4) Sets forth the value of the owner's share after the fee or compensation is deducted; and
(5) Contains the following disclosure:

"Each state maintains an office of abandoned property. Generally, if for a number of years an owner of property has not communicated in writing directly with the holder of the property and has not otherwise indicated an interest in the property, the property may be transferred to the office of abandoned property which will act as custodian of the property for the owner."

(c) Nothing in this paragraph shall be construed to prevent an owner from asserting at anytime that an agreement to locate property is based upon an excessive or unjust consideration.
(d) Requests for information shall be subject to limitations under RSA 91-A, et seq. Access to Public Records and Meetings, also known as the Right to Know Law.
(e) To be considered all requests for information by a finder, heirfinder, tracer, or agent shall be:
(1) In writing;
(2) Limited to five (5) names of apparent owners per request;
(3) Addressed and delivered to:

Director, Abandoned Property Division

Treasury Department

25 Capitol Street, Room 205

Concord, NH 03301

(f) All requests shall be responded to, in writing, in as timely a manner as possible, but no later than 90 days from receipt of the written inquiry by the abandoned property division.

N.H. Admin. Code § Tre 303.10

#7435, eff 1-25-01, EXPIRED: 1-25-09

New. #9465, INTERIM, eff 4-25-09, EXPIRED: 10-22-09