™Your Policy Risk Impact Agent
7 chapters · 43 sections in this title.
A.S.C.A. § 28.1601 Definitions
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As used in this chapter, unless the context clearly requires otherwise: (1) “Bank” means any bank, trust company, savings bank, and savings bank having shares of capital stock, organized and existing under any general or special law of this territory, including any such bank, tru…
A.S.C.A. § 28.1602 Certified check or account acquired through merger or otherwise
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Any bank which, through merger, reorganization, consolidation, or otherwise, acquires any certified check or any account of any depositor in any capacity whatsoever, shall, for the purpose of this chapter, be deemed to have been in existence from the date such check was certified…
A.S.C.A. § 28.1603 Fees or charges on inactive or dormant savings or time deposit account
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During the 10 year period of inactivity or dormancy specified in section 28.1601(2) and until payment of funds to the Treasurer as provided in section 28.1608, it is unlawful for any Bank to assess, collect, or deduct any fee or charge from any savings or time deposit account bec…
A.S.C.A. § 28.1604 Presumption of no claimants-Escheat
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It shall be presumed that there is or are no claimant or claimants who or which directly or indirectly has or have any right, title or interest in any unclaimed bank deposit held by a bank, and such unclaimed bank deposit shall be subject to escheat to the Territory. History: 198…
