LD 1319
pg. 337
Page 336 of 460 PUBLIC Law Chapter 20 Page 338 of 460
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LR 2000
Item 1

 
A. The name and last known address, if any, of the last
known owner of the property;

 
B. A description of the property; and

 
C. A statement that if proof of claim is not presented by
the owner to the museum or society and if the owner's right
to receive the property is not established to the museum's
or society's satisfaction within 65 days from the date of
the 2nd published notice, the property will be deemed
abandoned and shall become the property of the museum or
society.

 
Sec. T-17. 30-A MRSA §3862, sub-§3, as enacted by PL 1987, c. 737, Pt.
A, §2 and Pt. C, §106; amended by PL 1989, c. 6; c. 9, §2; and c.
104, Pt. C, §§8 and 10, is further amended to read:

 
3. Proceeds. After using the proceeds from the sale to
satisfy the lien and any costs that may accrue, the keeper shall
dispose of any remainder according to Title 33, chapter 27 41.

 
Sec. T-18. 33 MRSA §1953, sub-§1, ¶C, as amended by PL 2001, c. 439,
Pt. L, §1, is further amended to read:

 
C. Stock or other equity interest in a business association
or financial organization, including a security entitlement
under Title 11, Article 8, except for property described in
paragraph Q, 5 3 years after the earlier of:

 
(1) The date of the most recent dividend, stock split
or other distribution unclaimed by the apparent owner;
or

 
(2) The date of the 2nd mailing of a statement of
account or other notification or communication that was
returned as undeliverable or after the holder
discontinued mailings, notifications or communications
to the apparent owner;

 
Sec. T-19. 33 MRSA §1953, sub-§1, ¶D, as enacted by PL 1997, c. 508,
Pt. A, §2 and affected by §3, is amended to read:

 
D. A debt of a business association or financial
organization, other than a bearer bond or an original issue
discount bond, 5 3 years after the date of the most recent
interest payment unclaimed by the apparent owner;

 
Sec. T-20. 33 MRSA §1953, sub-§1, ¶E, as amended by PL 1999, c. 284,
§1, is further amended to read:


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