§ 33-21.1-4 Travelers checks and moneyorders. – (a) Subject to subsection (d), any sum payable on a travelers check that hasbeen outstanding for more than fifteen (15) years after its issuance ispresumed abandoned unless the owner, within fifteen (15) years, hascommunicated in writing with the issuer concerning it or otherwise indicated aninterest as evidenced by a memorandum or other record on file prepared by anemployee of the issuer.
(b) Subject to subsection (d), any sum payable on a moneyorder or similar written instrument, other than a third party bank check, thathas been outstanding for more than five (5) years after its issuance ispresumed abandoned unless the owner, within five (5) years, has communicated inwriting with the issuer concerning it or otherwise indicated an interest asevidenced by a memorandum or other record on file prepared by an employee ofthe issuer.
(c) A holder may not deduct from the amount of a travelerscheck or money order any charge imposed by reason of the failure to present theinstrument for payment unless there is a valid and enforceable written contractbetween the issuer and the owner of the instrument pursuant to which the issuermay impose a charge and the issuer regularly imposes these charges and does notregularly reverse or otherwise cancel them.
(d) No sum payable on a travelers check, money order, orsimilar written instrument, other than a third party bank check, described insubsections (a) and (b) may be subjected to the custody of this state asunclaimed property unless:
(1) The records of the issuer show that the travelers check,money order, or similar written instrument was purchased in this state;
(2) The issuer has its principal place of business in thisstate and the records of the issuer do not show the state in which thetravelers check, money order, or similar written instrument was purchased; or
(3) The issuer has its principal place of business in thisstate, the records of the issuer show the state in which the travelers check,money order, or similar written instrument was purchased and the laws of thestate of purchase do not provide for the escheat or custodial taking of theproperty or its escheat or unclaimed property law is not applicable to theproperty.
(e) Notwithstanding any other provision of this chapter,subsection (d) applies to sums payable on travelers checks, money orders, andsimilar written instruments presumed abandoned on or after February 1, 1971,except to the extent that those sums have been paid over to a state prior toJanuary 1, 1981.
§ 33-21.1-4 Travelers checks and moneyorders. – (a) Subject to subsection (d), any sum payable on a travelers check that hasbeen outstanding for more than fifteen (15) years after its issuance ispresumed abandoned unless the owner, within fifteen (15) years, hascommunicated in writing with the issuer concerning it or otherwise indicated aninterest as evidenced by a memorandum or other record on file prepared by anemployee of the issuer.
(b) Subject to subsection (d), any sum payable on a moneyorder or similar written instrument, other than a third party bank check, thathas been outstanding for more than five (5) years after its issuance ispresumed abandoned unless the owner, within five (5) years, has communicated inwriting with the issuer concerning it or otherwise indicated an interest asevidenced by a memorandum or other record on file prepared by an employee ofthe issuer.
(c) A holder may not deduct from the amount of a travelerscheck or money order any charge imposed by reason of the failure to present theinstrument for payment unless there is a valid and enforceable written contractbetween the issuer and the owner of the instrument pursuant to which the issuermay impose a charge and the issuer regularly imposes these charges and does notregularly reverse or otherwise cancel them.
(d) No sum payable on a travelers check, money order, orsimilar written instrument, other than a third party bank check, described insubsections (a) and (b) may be subjected to the custody of this state asunclaimed property unless:
(1) The records of the issuer show that the travelers check,money order, or similar written instrument was purchased in this state;
(2) The issuer has its principal place of business in thisstate and the records of the issuer do not show the state in which thetravelers check, money order, or similar written instrument was purchased; or
(3) The issuer has its principal place of business in thisstate, the records of the issuer show the state in which the travelers check,money order, or similar written instrument was purchased and the laws of thestate of purchase do not provide for the escheat or custodial taking of theproperty or its escheat or unclaimed property law is not applicable to theproperty.
(e) Notwithstanding any other provision of this chapter,subsection (d) applies to sums payable on travelers checks, money orders, andsimilar written instruments presumed abandoned on or after February 1, 1971,except to the extent that those sums have been paid over to a state prior toJanuary 1, 1981.
§ 33-21.1-4 Travelers checks and moneyorders. – (a) Subject to subsection (d), any sum payable on a travelers check that hasbeen outstanding for more than fifteen (15) years after its issuance ispresumed abandoned unless the owner, within fifteen (15) years, hascommunicated in writing with the issuer concerning it or otherwise indicated aninterest as evidenced by a memorandum or other record on file prepared by anemployee of the issuer.
(b) Subject to subsection (d), any sum payable on a moneyorder or similar written instrument, other than a third party bank check, thathas been outstanding for more than five (5) years after its issuance ispresumed abandoned unless the owner, within five (5) years, has communicated inwriting with the issuer concerning it or otherwise indicated an interest asevidenced by a memorandum or other record on file prepared by an employee ofthe issuer.
(c) A holder may not deduct from the amount of a travelerscheck or money order any charge imposed by reason of the failure to present theinstrument for payment unless there is a valid and enforceable written contractbetween the issuer and the owner of the instrument pursuant to which the issuermay impose a charge and the issuer regularly imposes these charges and does notregularly reverse or otherwise cancel them.
(d) No sum payable on a travelers check, money order, orsimilar written instrument, other than a third party bank check, described insubsections (a) and (b) may be subjected to the custody of this state asunclaimed property unless:
(1) The records of the issuer show that the travelers check,money order, or similar written instrument was purchased in this state;
(2) The issuer has its principal place of business in thisstate and the records of the issuer do not show the state in which thetravelers check, money order, or similar written instrument was purchased; or
(3) The issuer has its principal place of business in thisstate, the records of the issuer show the state in which the travelers check,money order, or similar written instrument was purchased and the laws of thestate of purchase do not provide for the escheat or custodial taking of theproperty or its escheat or unclaimed property law is not applicable to theproperty.
(e) Notwithstanding any other provision of this chapter,subsection (d) applies to sums payable on travelers checks, money orders, andsimilar written instruments presumed abandoned on or after February 1, 1971,except to the extent that those sums have been paid over to a state prior toJanuary 1, 1981.
