Title 3, Title 3: State Elective Officers

Sec. 3-60a. Property distributable on dissolution of business presumed abandoned, when. Notice to shareholder of corporate dissolution or liquidation. (a) All property distributable in the course of a voluntary or involuntary dissolution or liquidation of an unincorporated busine…

Sec. 3-60b. Wages, salary or other compensation for personal services presumed abandoned, when. Except for wages collected by the Labor Commissioner pursuant to subsection (b) of section 31-68, any sum payable for wages, salary or other compensation for personal services that has…

Sec. 3-60c. Deposit, refund or other sum owed by utility presumed abandoned, when. Any deposit, refund or other sum owed to a customer or subscriber by a utility that has remained unclaimed by the customer or subscriber for more than one year after it becomes due, payable or dist…

Sec. 3-60d. Value of gift certificate presumed abandoned, when. Section 3-60d is repealed, effective October 1, 2005. (June 30 Sp. Sess. P.A. 03-1, S. 74; P.A. 05-189, S. 4.)

Sec. 3-61. Action against custodian of property. Section 3-61 is repealed. (1949 Rev., S. 153; 1961, P.A. 540, S. 31.)

Sec. 3-61a. Property held by fiduciary presumed abandoned, when. All property and any income or increment thereon held in a fiduciary capacity for the benefit of another person is presumed abandoned unless the owner has, within seven years after it became payable or distributable…

Sec. 3-62. Application of provisions. Section 3-62 is repealed. (1949 Rev., S. 154; 1961, P.A. 540, S. 31.)

Sec. 3-62a. Property held by public body or officer presumed abandoned, when. All property held for the owner by any court, public corporation, public authority or public officer of this state, or a political subdivision thereof, which has remained unclaimed by the owner for more…

Sec. 3-62b. Property held by federal court or agency presumed abandoned, when. All property within the provisions of subdivisions (1), (2), (3), (4) and (5) of this section are declared to have escheated, or to escheat, including all principal and interest accruing thereon, and t…

Sec. 3-62c. Proceedings to recover property. (a) When there exists, or may exist escheated funds or property under sections 3-62b to 3-62g, inclusive, the Treasurer shall make demand therefor or request the Attorney General to institute proceedings in the name of the state for an…

Sec. 3-62d. Action to obtain decree of escheat. Whenever the Treasurer is of the opinion that an escheat has occurred, or shall occur, of any money or other property deposited in the custody of, or under the control of, any court of the United States, in and for any district with…

Sec. 3-62e. Treasurer to pay costs and deposit funds into General Fund. When any funds or property which have escheated under sections 3-62b to 3-62g, inclusive, have been recovered by the Treasurer, except as otherwise provided in section 3-62h, he or she shall pay all costs inc…

Sec. 3-62f. Claim for return of escheated property. Section 3-62f is repealed. (1969, P.A. 94, S. 5; 1971, P.A. 870, S. 10; P.A. 75-605, S. 21, 27; P.A. 76-435, S. 15, 82; 76-436, S. 381, 681; P.A. 77-603, S. 3, 125; 77-614, S. 139, 610; P.A. 78-280, S. 5, 127; P.A. 88-230, S. 1,…

Sec. 3-62g. Liability of state. Upon the payment or delivery of money or other property to the Treasurer under sections 3-62b to 3-62g, inclusive, the state shall assume custody and shall be responsible for all claims thereto. If, after payment or delivery to the Treasurer, any o…

Sec. 3-62h. Special Abandoned Property Fund. Deposit of abandoned property receipts. Special obligation bond authorization. Disbursement of resources of fund. (a) As used in this section, the following terms shall have the following meanings, unless the context clearly indicates …

Sec. 3-63. Notice of inactive bank accounts. Index. Interest. Escheat. Section 3-63 is repealed. (1949 Rev., S. 155; 1955, S. 43d; 1961, P.A. 540, S. 31.)

Sec. 3-63a. Property in decedent's estate presumed abandoned, when. Any property of a deceased person ordered distributed pursuant to section 45a-452 shall be presumed abandoned on the date of the Probate Court order and delivered by the fiduciary of the estate of the deceased pe…

Sec. 3-64. Escheating of trust funds held by the Treasurer. Section 3-64 is repealed. (1949 Rev., S. 156; 1955, S. 44d; 1961, P.A. 540, S. 31.)

Sec. 3-64a. Property presumed abandoned generally. All property not otherwise provided for or excluded from this part, including any income, interest or other increment thereto and deducting any lawful charges, which is held or owing in this state and has remained unclaimed by th…

Sec. 3-65. Conversion of escheated property into cash. Section 3-65 is repealed. (1953, S. 45d; 1961, P.A. 540, S. 31.)

Sec. 3-65a. Duties of holder of abandoned property. (a) Not less than one hundred eighty days before a presumption of abandonment is to take effect in respect to property subject to section 3-60b or 3-60c and within one year before a presumption of abandonment is to take effect i…

Sec. 3-65b. Assessment of interest penalty for failure to report or deliver abandoned property as required. Exceptions. (a) Any person who fails to report or deliver abandoned property within the time prescribed by this part shall pay interest to the Treasurer on such property or…

Sec. 3-65c. Charge, fee or penalty for inactivity prohibited. A holder of property subject to this part, or of a gift certificate, as defined in section 3-56a, or a general-use prepaid card, as defined in section 42-460a, may not impose on the property a dormancy charge or fee, a…

Sec. 3-66. Escheat of unclaimed life insurance company funds. Definitions. Section 3-66 is repealed. (1949, S. 46d; 1961, P.A. 540, S. 31.)

Sec. 3-66a. Maintenance of searchable list and provision of notice by Treasurer. (a) The Treasurer shall maintain a readily searchable list of property presumed abandoned and reported or transferred to the Treasurer under this part and for which there is sufficient information fo…

Sec. 3-66b. Unclaimed intangible property. Conditions raising presumption of abandonment. Intangible property is subject to the custody of the state as unclaimed property if the conditions raising a presumption of abandonment under this part are satisfied and: (1) The last-known …

Sec. 3-66c. Recovery of funds or property. Whenever there exists or may exist escheated funds or property under this part, the Treasurer shall make demand therefor or request the Attorney General to institute proceedings in the name of the state for an adjudication that an eschea…

Sec. 3-66d. Agreement with Commissioner of Revenue Services re disclosure of return information for owner identification and payment. The Commissioner of Revenue Services and the Treasurer shall enter into an agreement for the disclosure of return information, or other relevant i…

Sec. 3-67. When funds escheat. Section 3-67 is repealed. (1949, S. 47d; 1961, P.A. 540, S. 31.)

Sec. 3-67a. State responsibility for property. Reimbursement of prior holder for payment to holder. Reimbursement of holder compelled to register transfer of original certificate. (a) Upon payment or delivery of property presumed abandoned to the Treasurer, the state shall assume…

Sec. 3-68. Report of unclaimed funds. Section 3-68 is repealed. (1949, S. 48d; 1961, P.A. 540, S. 31.)

Sec. 3-68a. Sale of property by Treasurer. (a) All unclaimed property, other than money, delivered to the Treasurer under this part shall, at his discretion, be sold by him to the highest bidder at public sale in whatever locality of the state in his judgment affords the most fav…

Sec. 3-69. Notice. Section 3-69 is repealed. (1949, S. 49d; 1961, P.A. 540, S. 31.)

Sec. 3-69a. *(See end of section for amended version and effective date.) Deposit of funds in General Fund and Citizens' Election Fund. (a)(1) For the fiscal year ending June 30, 2005, the funds received under this part, excluding the proceeds from the sale of property deposited …

Sec. 3-70. Payment to Treasurer. Section 3-70 is repealed. (1949, S. 50d; 1961, P.A. 540, S. 31.)

Sec. 3-70a. Claims for abandoned property. (a) Any person claiming an interest in property surrendered to the Treasurer under the provisions of this part may claim such property, or the proceeds from the sale thereof, at any time thereafter. Any person claiming an interest in suc…

Sec. 3-71. State to assume custody and liability. Section 3-71 is repealed. (1949, S. 51d; 1961, P.A. 540, S. 31.)

Sec. 3-71a. Appeals. Any person aggrieved by a decision of the State Treasurer may appeal therefrom in accordance with the provisions of section 4-183, except venue for such appeal shall be in the judicial district of New Britain. If an appeal is taken without probable cause, the…

Secs. 3-72, 3-72a and 3-73. Funds to be paid to General Fund and special trust fund. Escheat proceedings. Claim; appeal; bond. Sections 3-72, 3-72a and 3-73 are repealed. (1949, S. 52d, 53d; 1961, P.A. 540, S. 17, 31; 1963, P.A. 114, S. 4; P.A. 78-280, S. 6, 127; P.A. 82-336, S. …

Sec. 3-73a. Excepted property. (a) The provisions of this part shall not apply to property covered by chapter 66 or section 15-76. (b) No property shall be presumed abandoned if any person has had uninterrupted adverse use or enjoyment of it under claim of right for a period of f…

Sec. 3-73b. Effect of expiration of limitation period or period specified in contract. The expiration, before or after August 16, 2003, of any period of time specified by the general statutes or any court order, during which an action or proceeding may be commenced or enforced to…

Sec. 3-74. Payment of claim. Section 3-74 is repealed. (1949, S. 54d; 1961, P.A. 540, S. 31.)

Sec. 3-74a. Regulations. Agreements and enforcement with other states. (a) The Treasurer may, in accordance with chapter 54, adopt such regulations as are necessary to administer and enforce the provisions of this part. (b) The Treasurer may enter into agreements with other state…

Secs. 3-75 and 3-76. Record to be kept by Treasurer. Application of other statutes. Sections 3-75 and 3-76 are repealed. (1949, S. 55d, 56d; 1961, P.A. 540, S. 31.) PART IV MUNICIPAL BOND REFUNDING TRUST ACT

Sec. 3-76a. Short title: Municipal Bond Refunding Trust Act. This part shall be known as and may be cited as, and its short title shall be, the “Municipal Bond Refunding Trust Act”. (P.A. 73-591, S. 1, 21.)

Sec. 3-76b. Statement of purpose and policy. It is hereby found and declared that there are municipalities in the state that have issued bonds for the purpose of financing public improvements, the interest rates on which are in excess of the rates of interest that are generally p…