§ 33-21.1-17 Report of abandoned property.– (a) A person holding property tangible or intangible, presumed abandoned andsubject to custody as unclaimed property under this chapter, shall report tothe administrator concerning the property as provided in this section.
(b) The report must be verified and must include:
(1) Except with respect to travelers checks and money orders,the name, if known, and last known address, if any, of each person appearingfrom the records of the holder to be the owner of property of the value offifty ($50.00) dollars or more presumed abandoned under this chapter;
(2) In the case of unclaimed funds of fifty dollars ($50.00)or more held or owing under any life or endowment insurance policy or annuitycontract, the full name and last known address of the insured or annuitant andof the beneficiary according to the records of the insurance company holding orowing the funds;
(3) In the case of the contents of a safe deposit box orother safekeeping repository or of other tangible property, a description ofthe property and the place where it is held and may be inspected by theadministrator and any amounts owing to the holder;
(4) The nature and identifying number, if any, or descriptionof the property and the amount appearing from the records to be due, but itemsof value under fifty dollars ($50.00) each shall be reported in the aggregate;
(5) The date the property became payable, demandable, orreturnable, and the date of the last transaction with the apparent owner withrespect to the property; and
(6) Other information the administrator prescribes by rule asnecessary for the administration of this chapter.
(c) If the person holding property presumed abandoned andsubject to custody as unclaimed property is a successor to other persons whopreviously held the property for the apparent owner or the holder has changedhis or her name while holding the property, he or she shall file with his orher report all known names and addresses of each previous holder of theproperty.
(d) The report must be filed before November 1 of each yearas of June 30, next preceding, and the report of any life insurance company,including the report of unclaimed insurance company demutualization proceedsmade pursuant to § 33-21.1-16.1, must be filed before November 1 of eachyear as of June 30 next preceding. On written request by any person required tofile a report, the administrator may postpone the reporting date.
(e) Not more than one hundred and twenty (120) days beforefiling the report required by this section, the holder in possession ofproperty presumed abandoned and subject to custody as unclaimed property underthis chapter shall send written notice to the apparent owner at his or her lastknown address informing him or her that the holder is in possession of propertysubject to this chapter if:
(1) The holder has in its records an address for the apparentowner which the holder's records do not disclose to be inaccurate,
(2) The claim of the apparent owner is not barred by thestatute of limitations, and
(3) The property has a value of fifty dollars ($50.00) ormore.
§ 33-21.1-17 Report of abandoned property.– (a) A person holding property tangible or intangible, presumed abandoned andsubject to custody as unclaimed property under this chapter, shall report tothe administrator concerning the property as provided in this section.
(b) The report must be verified and must include:
(1) Except with respect to travelers checks and money orders,the name, if known, and last known address, if any, of each person appearingfrom the records of the holder to be the owner of property of the value offifty ($50.00) dollars or more presumed abandoned under this chapter;
(2) In the case of unclaimed funds of fifty dollars ($50.00)or more held or owing under any life or endowment insurance policy or annuitycontract, the full name and last known address of the insured or annuitant andof the beneficiary according to the records of the insurance company holding orowing the funds;
(3) In the case of the contents of a safe deposit box orother safekeeping repository or of other tangible property, a description ofthe property and the place where it is held and may be inspected by theadministrator and any amounts owing to the holder;
(4) The nature and identifying number, if any, or descriptionof the property and the amount appearing from the records to be due, but itemsof value under fifty dollars ($50.00) each shall be reported in the aggregate;
(5) The date the property became payable, demandable, orreturnable, and the date of the last transaction with the apparent owner withrespect to the property; and
(6) Other information the administrator prescribes by rule asnecessary for the administration of this chapter.
(c) If the person holding property presumed abandoned andsubject to custody as unclaimed property is a successor to other persons whopreviously held the property for the apparent owner or the holder has changedhis or her name while holding the property, he or she shall file with his orher report all known names and addresses of each previous holder of theproperty.
(d) The report must be filed before November 1 of each yearas of June 30, next preceding, and the report of any life insurance company,including the report of unclaimed insurance company demutualization proceedsmade pursuant to § 33-21.1-16.1, must be filed before November 1 of eachyear as of June 30 next preceding. On written request by any person required tofile a report, the administrator may postpone the reporting date.
(e) Not more than one hundred and twenty (120) days beforefiling the report required by this section, the holder in possession ofproperty presumed abandoned and subject to custody as unclaimed property underthis chapter shall send written notice to the apparent owner at his or her lastknown address informing him or her that the holder is in possession of propertysubject to this chapter if:
(1) The holder has in its records an address for the apparentowner which the holder's records do not disclose to be inaccurate,
(2) The claim of the apparent owner is not barred by thestatute of limitations, and
(3) The property has a value of fifty dollars ($50.00) ormore.
§ 33-21.1-17 Report of abandoned property.– (a) A person holding property tangible or intangible, presumed abandoned andsubject to custody as unclaimed property under this chapter, shall report tothe administrator concerning the property as provided in this section.
(b) The report must be verified and must include:
(1) Except with respect to travelers checks and money orders,the name, if known, and last known address, if any, of each person appearingfrom the records of the holder to be the owner of property of the value offifty ($50.00) dollars or more presumed abandoned under this chapter;
(2) In the case of unclaimed funds of fifty dollars ($50.00)or more held or owing under any life or endowment insurance policy or annuitycontract, the full name and last known address of the insured or annuitant andof the beneficiary according to the records of the insurance company holding orowing the funds;
(3) In the case of the contents of a safe deposit box orother safekeeping repository or of other tangible property, a description ofthe property and the place where it is held and may be inspected by theadministrator and any amounts owing to the holder;
(4) The nature and identifying number, if any, or descriptionof the property and the amount appearing from the records to be due, but itemsof value under fifty dollars ($50.00) each shall be reported in the aggregate;
(5) The date the property became payable, demandable, orreturnable, and the date of the last transaction with the apparent owner withrespect to the property; and
(6) Other information the administrator prescribes by rule asnecessary for the administration of this chapter.
(c) If the person holding property presumed abandoned andsubject to custody as unclaimed property is a successor to other persons whopreviously held the property for the apparent owner or the holder has changedhis or her name while holding the property, he or she shall file with his orher report all known names and addresses of each previous holder of theproperty.
(d) The report must be filed before November 1 of each yearas of June 30, next preceding, and the report of any life insurance company,including the report of unclaimed insurance company demutualization proceedsmade pursuant to § 33-21.1-16.1, must be filed before November 1 of eachyear as of June 30 next preceding. On written request by any person required tofile a report, the administrator may postpone the reporting date.
(e) Not more than one hundred and twenty (120) days beforefiling the report required by this section, the holder in possession ofproperty presumed abandoned and subject to custody as unclaimed property underthis chapter shall send written notice to the apparent owner at his or her lastknown address informing him or her that the holder is in possession of propertysubject to this chapter if:
(1) The holder has in its records an address for the apparentowner which the holder's records do not disclose to be inaccurate,
(2) The claim of the apparent owner is not barred by thestatute of limitations, and
(3) The property has a value of fifty dollars ($50.00) ormore.
