(1) In the case of a time deposit that is automatically renewable and whose term is longer than one year, at the date of maturity following the 5th renewal of the deposit after the last indication of interest by the owner; and

(2) In the case of a deposit for the benefit of a minor, the later of 5 3 years after the last indication of interest by the owner or the date on which the minor reaches 18 years of age;

Sec. T-21. 33 MRSA §1953, sub-§1, ¶G, as amended by PL 1999, c. 232, §1, is further amended to read:

G. A gift certificate, 3 years after December 31st of the year in which the certificate was sold; the amount abandoned unclaimed is the price paid by the purchaser for the gift certificate, except that the amount abandoned unclaimed is 60% of the certificate's face value if the issuer of the certificate does not impose a dormancy charge or period of limitations on the owner's right to redeem the certificate at 100% of face value;

Sec. T-22. 33 MRSA §1953, sub-§1, ¶O, as amended by PL 2001, c. 439, Pt. L, §2, is further amended to read:

O. All other property, 5 3 years after the owner's right to demand the property or after the obligation to pay or distribute the property arises, whichever first occurs;

Sec. T-23. 33 MRSA §1954, sub-§1, as enacted by PL 1999, c. 294, §1, is amended to read:

1. Contents of safe deposit box or other safekeeping depository. Tangible property held in a safe deposit box or other safekeeping depository in this State in the ordinary course of the holder's business and proceeds resulting from the sale of the property permitted by other law are presumed abandoned if the property and proceeds remain unclaimed by the owner for more than 5 3 years after expiration of the lease or rental period on the box or other depository.

Sec. T-24. 33 MRSA §1958, as enacted by PL 1997, c. 508, Pt. A, §2 and affected by §3, is amended by repealing and replacing the headnote to read: