[§523A-9]  Payment or delivery of abandoned
property.  (a)  Except for property held in a safe deposit box or other
safekeeping depository, within six months after the final date for filing the
report required by section 523A-8, the holder of property presumed abandoned
shall pay, deliver, or cause to be paid or delivered to the administrator the
property described in the report as unclaimed, but if the property is an
automatically renewable deposit, and a penalty or forfeiture in the payment of
interest would result, the time for compliance shall be extended until a
penalty or forfeiture would no longer result.  Tangible property held in a safe
deposit box or other safekeeping depository shall not be delivered to the
administrator until an additional one hundred twenty days after the time for
payment or delivery to the administrator of property presumed abandoned as
required by this subsection.



(b)  If the property reported to the
administrator is a security or security entitlement under article 8 of the Uniform
Commercial Code – Investment Securities, the administrator shall be an
appropriate person to make an indorsement, instruction, or entitlement order on
behalf of the apparent owner to invoke the duty of the issuer or its transfer
agent or the securities intermediary to transfer or dispose of the security or
the security entitlement in accordance with article 8 of the Uniform Commercial
Code – Investment Securities.



(c)  If the holder of property reported to the
administrator is the issuer of a certificated security, the administrator shall
have the right to obtain a replacement certificate pursuant to section
490:8-405; provided that an indemnity bond shall not be required.



(d)  An issuer, the holder, and any transfer
agent or other person acting pursuant to the instructions of and on behalf of
the issuer or holder in accordance with this section shall not be liable to the
apparent owner and shall be indemnified against claims of any person in
accordance with section 523A-11. [L 2008, c 55, pt of §1]