§2091. Report required by holder
1.
Report by holder.
A holder of property presumed abandoned and subject to the custody of the administrator shall report in a record to the administrator concerning the property in a format approved by the administrator.
[PL 2019, c. 498, §22 (NEW).]
2.
Contract with 3rd party.
A holder may contract with a 3rd party to make the report required under subsection 1.
[PL 2019, c. 498, §22 (NEW).]
3.
Responsibilities of holder.
Whether or not a holder contracts with a 3rd party under subsection 2, the holder is responsible:
A.
To the administrator for the complete, accurate and timely reporting of property presumed abandoned; and
[PL 2019, c. 498, §22 (NEW).]
B.
For paying or delivering to the administrator property described in the report.
[PL 2019, c. 498, §22 (NEW).]
[PL 2019, c. 498, §22 (NEW).]
SECTION HISTORY
PL 2019, c. 498, §22 (NEW).