§1959. Payment or delivery of property presumed abandoned
(CONFLICT)
1.
Payment or delivery.
[PL 2019, c. 498, §21 (RP).]
2.
Security or security entitlement.
[PL 2019, c. 498, §21 (RP).]
3.
Certificated security.
[PL 2019, c. 498, §21 (RP).]
4.
Liability and indemnification.
[PL 2019, c. 498, §21 (RP).]
5.
(CONFLICT: Text as enacted by PL 2019, c. 496, §5) Payment of certain funds presumed abandoned in lawyer's trust accounts.
Notwithstanding any other provision in this chapter to the contrary, a lawyer, law firm or financial institution holding funds presumed abandoned in a lawyer's trust account for which no identifying client information can be found shall file a report with the administrator pursuant to section 1958, subsection 1 and then transfer such funds, along with a copy of the report, to the lawyer's trust account program manager to provide funding to organizations whose primary purpose is to provide civil legal aid to low-income residents of the State.
[PL 2019, c. 496, §5 (NEW).]
SECTION HISTORY
PL 1997, c. 508, §A2 (NEW). PL 1997, c. 508, §A3 (AFF). PL 2003, c. 20, §T25 (AMD). PL 2019, c. 496, §5 (AMD). PL 2019, c. 498, §21 (RP).