§2102. Contents of notice by holder
1.
Notice heading.
Notice under section 2101 must contain a heading that reads substantially as follows: "Notice. The State of Maine requires us to notify you that your property may be transferred to the custody of the State Treasurer if you do not contact us before (insert date that is 30 days after the date of this notice)."
[PL 2019, c. 498, §22 (NEW).]
2.
Notice contents.
The notice under section 2101 must:
A.
Identify the nature and, except for property that does not have a fixed value, the value of the property that is the subject of the notice;
[PL 2019, c. 498, §22 (NEW).]
B.
State that the property will be turned over to the administrator;
[PL 2019, c. 498, §22 (NEW).]
C.
State that after the property is turned over to the administrator an apparent owner that seeks return of the property must file a claim with the administrator;
[PL 2019, c. 498, §22 (NEW).]
D.
With respect to securities presumed abandoned under section 2062, 2063 or 2068 or safe deposit box contents presumed abandoned under section 2065, state that the property may be subject to liquidation if the apparent owner does not respond to the notice; and
[PL 2025, c. 675, §20 (AMD).]
E.
Provide instructions that the apparent owner must follow to prevent the holder from reporting and paying or delivering the property to the administrator or selling the property.
[PL 2025, c. 675, §21 (AMD).]
[PL 2025, c. 675, §§20, 21 (AMD).]
SECTION HISTORY
PL 2019, c. 498, §22 (NEW). PL 2025, c. 675, §§20, 21 (AMD).