§ 33-21.1-9 Refunds held by businessassociations. – (a) The sum to be paid as a refund, under an order or decision of a court oradministrative agency or by agreement, remaining unclaimed for more than six(6) months after it became payable is presumed abandoned, regardless of whetherthe apparent owner has made any claim to the refund, unless, within thepreceding six (6) months, there has been a communication between the apparentowner and the holder concerning that sum.
(b) Any sum payable or intangible property properlydistributable in the course of a voluntary or involuntary dissolution orliquidation remaining unclaimed for six (6) months after the date of the finaldistribution or liquidation is presumed abandoned, unless, within the precedingsix (6) months, there has been communication between the apparent owner and theperson making the payment or distribution concerning that sum or distribution.
(c) Intangible property payable or distributable to a memberof or participant in a class action, either one allowed by the court to bemaintained as a class action or one essentially handled as a class action, andremaining for more than six (6) months after the time for the final payment ordistribution is presumed abandoned, unless, within the preceding six (6)months, there has been a communication between the member or participant andthe holder concerning the property. Intangible property payable ordistributable as the result of litigation or settlement of a dispute beforejudicial or administrative body and remaining unclaimed for more than six (6)months after the time for the final payment or distribution is presumedabandoned, unless, within the preceding six (6) months, there has been acommunication between the apparent owner and the holder concerning the property.
(d) The person actually making or having the duty to makepayment or distribution shall be deemed the holder for the purpose of thissection.
§ 33-21.1-9 Refunds held by businessassociations. – (a) The sum to be paid as a refund, under an order or decision of a court oradministrative agency or by agreement, remaining unclaimed for more than six(6) months after it became payable is presumed abandoned, regardless of whetherthe apparent owner has made any claim to the refund, unless, within thepreceding six (6) months, there has been a communication between the apparentowner and the holder concerning that sum.
(b) Any sum payable or intangible property properlydistributable in the course of a voluntary or involuntary dissolution orliquidation remaining unclaimed for six (6) months after the date of the finaldistribution or liquidation is presumed abandoned, unless, within the precedingsix (6) months, there has been communication between the apparent owner and theperson making the payment or distribution concerning that sum or distribution.
(c) Intangible property payable or distributable to a memberof or participant in a class action, either one allowed by the court to bemaintained as a class action or one essentially handled as a class action, andremaining for more than six (6) months after the time for the final payment ordistribution is presumed abandoned, unless, within the preceding six (6)months, there has been a communication between the member or participant andthe holder concerning the property. Intangible property payable ordistributable as the result of litigation or settlement of a dispute beforejudicial or administrative body and remaining unclaimed for more than six (6)months after the time for the final payment or distribution is presumedabandoned, unless, within the preceding six (6) months, there has been acommunication between the apparent owner and the holder concerning the property.
(d) The person actually making or having the duty to makepayment or distribution shall be deemed the holder for the purpose of thissection.
§ 33-21.1-9 Refunds held by businessassociations. – (a) The sum to be paid as a refund, under an order or decision of a court oradministrative agency or by agreement, remaining unclaimed for more than six(6) months after it became payable is presumed abandoned, regardless of whetherthe apparent owner has made any claim to the refund, unless, within thepreceding six (6) months, there has been a communication between the apparentowner and the holder concerning that sum.
(b) Any sum payable or intangible property properlydistributable in the course of a voluntary or involuntary dissolution orliquidation remaining unclaimed for six (6) months after the date of the finaldistribution or liquidation is presumed abandoned, unless, within the precedingsix (6) months, there has been communication between the apparent owner and theperson making the payment or distribution concerning that sum or distribution.
(c) Intangible property payable or distributable to a memberof or participant in a class action, either one allowed by the court to bemaintained as a class action or one essentially handled as a class action, andremaining for more than six (6) months after the time for the final payment ordistribution is presumed abandoned, unless, within the preceding six (6)months, there has been a communication between the member or participant andthe holder concerning the property. Intangible property payable ordistributable as the result of litigation or settlement of a dispute beforejudicial or administrative body and remaining unclaimed for more than six (6)months after the time for the final payment or distribution is presumedabandoned, unless, within the preceding six (6) months, there has been acommunication between the apparent owner and the holder concerning the property.
(d) The person actually making or having the duty to makepayment or distribution shall be deemed the holder for the purpose of thissection.
