44-321. Periods of limitation
A. The expiration of a period of limitation on the owner's right to receive or
recover property, whether specified by contract, statute or court order, does not
preclude the property from being presumed abandoned or affect a duty to file a report or
to pay or deliver or transfer property to the department as required by this chapter.
B. The department shall not begin an action or proceeding to enforce this chapter
in regard to the reporting, delivery or payment of property more than four years after
the holder identified the property in a report filed with the department or gave express
notice to the department of a dispute regarding the property. If a holder omits from a
report any amount of property that is properly includible and that is in excess of
twenty-five per cent of the amount of property stated in the report, the department may
begin an action or proceeding to enforce this chapter at any time within six years after
the report was filed. If there is no report or other express notice, the period of
limitation is tolled. The period of limitation is also tolled if the holder files a
fraudulent report.
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