LD 586
pg. 5
An Act To Clarify and Improve the Fairness of the Law of Trustee Process
Download Bill Text
LR 1156
Item 1
This bill provides that failure to claim or release trusteed
funds, in the absence of further court process, would give
rise to a presumption of abandonment under the Uniform
Unclaimed Property Act and subsequent reporting and payment to
the Treasurer of State.
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