| Be it enacted by the People of the State of Maine as follows: |
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| | Sec. 1. 33 MRSA §1953, sub-§1, ¶¶F and G, as enacted by PL 1997, c. 508, | Pt. A, §2 and affected by §3, are amended to read: |
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| F. Money or credits owed to a customer as a result of a | retail business transaction, 3 2 years after the obligation | accrued; |
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| G. A gift certificate, 3 2 years after December 31st of the | year in the date on which the certificate was sold payable; | the amount abandoned is the price paid by the purchaser for | the gift certificate; |
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| | Sec. 2. 33 MRSA §1953, sub-§1, ¶O, as enacted by PL 1997, c. 508, Pt. | A, §2 and affected by §3, is amended to read: |
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| O. All other property, 5 2 years after the owner's right to | demand the property or after the obligation to pay or | distribute the property arises, whichever first occurs. |
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| | Sec. 3. 33 MRSA §1958, sub-§2, ¶¶B and C, as enacted by PL 1997, c. 508, | Pt. A, §2 and affected by §3, are amended to read: |
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| B. Except with respect to a traveler's check or money | order, the name, if known, and last known address, if any, | and the social security number or taxpayer identification | number, if readily ascertainable, of the apparent owner of | property of the value of $50 $200 or more; |
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| C. An aggregated amount of items valued under $50 $200 | each; |
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| | Sec. 4. 33 MRSA §1958, sub-§5, ¶C, as enacted by PL 1997, c. 508, Pt. | A, §2 and affected by §3, is amended to read: |
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| C. The value of the property is $50 $100 or more. |
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| | Sec. 5. 33 MRSA §1971, sub-§6, as enacted by PL 1997, c. 508, Pt. A, | §2 and affected by §3, is amended to read: |
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| | 6. Insufficient records. If, after January 1, 1998 2000, a | holder does not maintain the records fails to report as required | by section 1972 and the records of the holder available for the | periods subject to this Act are insufficient to permit the | preparation of a report, the administrator may require the holder | to report and pay to the administrator the amount the | administrator reasonably estimates, on the basis of any available | records of the holder or by any other reasonable method of | estimation, should have been but was not reported. It is the | administrator's burden to prove that the abandoned property that |
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