N.D. Cent. Code § 47-30.2-22

Current through 2023 Legislative Sessions

Section 47-30.2-22 - (402) Content of report

1. The report filed under section 47-30.2-21 must:

a. Be signed by or on behalf of the holder and verified as to its completeness and accuracy;

b. Be filed electronically in a secure format approved by the administrator which protects confidential information of the apparent owner in the same manner as required of the administrator and the administrator's agent under sections 47-30.2-71, 47-30.2-72, and 47-30.2-73;

c. Describe the property;

d. Except for a traveler's check, money order, or similar instrument, contain the name, if known, last-known address, if known, and social security number or taxpayer identification number, if known or readily ascertainable, of the apparent owner of property with a value of twenty-five dollars or more;

e. For an amount held or owing under a life or endowment insurance policy or annuity contract, contain the name and last-known address of the insured, annuitant, or other apparent owner of the policy or contract and of the beneficiary;

f. For property held in or removed from a safe deposit box, indicate the location of the property, where it may be inspected by the administrator, and any amounts owed to the holder under section 47-30.2-35;

g. Contain the commencement date for determining abandonment under sections 47-30.2-04, 47-30.2-05, 47-30.2-06, 47-30.2-07, 47-30.2-08, 47-30.2-09, 47-30.2-10, 47-30.2-11, 47-30.2-12, 47-30.2-13, and 47-30.2-14;

h. State that the holder has complied with the notice requirements of section 47-30.2-26;

i. Identify property that is a non-freely transferable security and explain why it is a non-freely transferable security; and

j. Contain other information the commissioner prescribes by rules.

2. A report under section 47-30.2-21 may include in the aggregate items valued under twenty-five dollars each. If the report includes items in the aggregate valued under twenty-five dollars each, the administrator may not require the holder to provide the name and address of an apparent owner of an item unless the information is necessary to verify or process a claim in progress by the apparent owner.

3. A report under section 47-30.2-21 may include personal information about the apparent owner or the apparent owner's property to the extent not otherwise prohibited by state and federal law.

4. The administrator and any state employee conducting an examination on the administrator's behalf are exempt from chapter 6-08.1.

5. If a holder has changed the holder's name while holding property presumed abandoned or is a successor to another person that previously held the property for the apparent owner, the holder shall include in the report under section 47-30.2-21 the holder's former name or the name of the previous holder, if any, and the known name and address of each previous holder of the property.

N.D.C.C. § 47-30.2-22

Added by S.L. 2021, ch. 337 (SB 2048),§ 17, eff. 7/1/2021.