N.D. Admin. Code 85-03-02-06
For accounts containing a security as defined in subsection 30 of North Dakota Century Code section 47-30.2-01 that allow for automatic reinvestment of dividends or interest and where there is no record of indication of apparent owner interest in the property as defined in North Dakota Century Code section 47-30.2-12, holders shall provide notice via certified mail to the apparent owner at a minimum of once every three years in a format substantially similar to that required in North Dakota Century Code section 47-30.2-27. A return of a certified mail return receipt signed by the apparent owner shall constitute evidence of indication of apparent owner interest in the subject property as required by North Dakota Century Code section 47-30.2-12. The holder shall retain all valid return receipts as records of indication of apparent owner interest. A return to sender as undeliverable or not signed by the apparent owner shall cause the property to be subject to due diligence procedures pursuant to North Dakota Century Code sections 47-30.2-26 and 47-30.2-27. A deceased individual cannot demonstrate an ownership interest in property.
N.D. Admin Code 85-03-02-06
General Authority: NDCC 47-30.2-03
Law Implemented: NDCC 47-30.2-12, 47-30.2-26, 47-30.2-27