[§523A-8]  Report of abandoned property. 
(a)  A holder of property presumed abandoned shall make a report to the
administrator concerning the property.



(b)  The report shall be verified and shall
contain:



(1)  A description of the property;



(2)  Except with respect to a traveler's check or
money order, the name, if known, and last known address, if any, and the social
security number or taxpayer identification number, if readily ascertainable, of
the apparent owner of property of the value of $50 or more;



(3)  An aggregated amount of items valued under $50
each;



(4)  In the case of an amount of $50 or more held or
owing under an annuity or a life or endowment insurance policy, the full name
and last known address of the annuitant or insured and of the beneficiary;



(5)  In the case of property held in a safe deposit
box or other safekeeping depository, an indication of the place where it is
held and where it may be inspected by the administrator, and any amounts owing
to the holder;



(6)  The date, if any, on which the property became
payable, demandable, or returnable, the date of the last transaction with the
apparent owner with respect to the property, and whether the property is an
interest bearing account; and



(7)  Other information that the administrator by rules
adopted under chapter 91 prescribes as necessary for the administration of this
part.



(c)  If a holder of property presumed abandoned
is a successor to another person who previously held the property for the
apparent owner or the holder has changed its name while holding the property,
the holder shall file with the report its former names, if any, and the known
names and addresses of all previous holders of the property.



(d)  The report shall be filed before November
1 of each year and cover the twelve months next preceding July 1 of that year;
provided that a report with respect to a life insurance company shall be filed
before November 1 of each year for the calendar year next preceding.



(e)  The holder of property presumed abandoned
shall send written notice to the apparent owner, not more than six months
before filing the report, stating that the holder is in possession of property
subject to this part, if:



(1)  The holder has in its records an address for the
apparent owner which the holder's records do not disclose to be inaccurate;



(2)  The claim of the apparent owner is not barred by
a statute of limitations; and



(3)  The value of the property is $50 or more.



(f)  Before the date for filing the report, the
holder of property presumed abandoned may request the administrator to extend
the time for filing the report.  The administrator may grant the extension for
good cause.  The holder, upon receipt of the extension, may make an interim
payment on the amount the holder estimates will ultimately be due, which shall
terminate the accrual of additional interest on the amount paid.



(g)  The holder of property presumed abandoned
shall file with the report an affidavit stating that the holder has complied
with subsection (e). [L 2008, c 55, pt of §1]