4. Confidentiality and use of documents and working papers. Information derived from annual reports from holders or otherwise communicated to the administrator or the administrator's agents concerning abandoned unclaimed property is confidential and not available for public inspection to the extent the administrator finds necessary to protect the interests of the holder, the owner, this State and the public welfare. Documents and working papers obtained or compiled by the administrator or the administrator's agents, employees or designated representatives in the course of conducting an examination are confidential and are not public records, but the documents and papers may be:

A. Used by the administrator in the course of an action to collect unclaimed property or otherwise enforce this Act;

B. Used in joint examinations conducted with or pursuant to an agreement with another state, the Federal Government or any other governmental subdivision, agency, or instrumentality;

C. Produced pursuant to subpoena or court order; or

D. Disclosed to the abandoned or unclaimed property office of another state for that state's use in circumstances equivalent to those described in this subsection, if the other state is bound to keep the documents and papers confidential.

Sec. T-31. 33 MRSA §1974, sub-§1, as enacted by PL 1997, c. 508, Pt. A, §2 and affected by §3, is amended to read:

1. Agreements with other states. The administrator may enter into an agreement with another state to exchange information relating to abandoned unclaimed property or its possible existence. The agreement may permit the other state, or another person acting on behalf of a state, to examine records as authorized in section 1971. The administrator by rule may require the reporting of information needed to enable compliance with an agreement made under this section and prescribe the form.

Sec. T-32. 34-A MRSA §3040, as amended by PL 1991, c. 314, §46, is further amended to read:

§3040. Clients' property presumed abandoned