Section 2091 - Report required by holder1.Report by holder. A holder of property presumed abandoned and subject to the custody of the administrator shall report in a record to the administrator concerning the property in a format approved by the administrator. [2019, c. 498, §22(NEW).]
2.Contract with 3rd party. A holder may contract with a 3rd party to make the report required under subsection 1. [2019, c. 498, §22(NEW).]
3.Responsibilities of holder. Whether or not a holder contracts with a 3rd party under subsection 2, the holder is responsible: A. To the administrator for the complete, accurate and timely reporting of property presumed abandoned; and [2019, c. 498, §22(NEW).]B. For paying or delivering to the administrator property described in the report. [2019, c. 498, §22(NEW).] [2019, c. 498, §22(NEW).]
Added by 2019, c. 498,§ 22, eff. 9/19/2019.