™Your Policy Risk Impact Agent
36 chapters · 499 sections in this title.
33 M.R.S. § 2117 Crediting income or gain to owner's account
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1. Income or gain realized. If property other than money is delivered to the administrator, the owner is entitled to receive from the administrator income or gain realized or accrued on the property before the property is sold. If the property was an interest-bearing demand, savi…
33 M.R.S. § 2118 Administrator's options as to custody
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1. Custody declined. The administrator may decline to take custody of property reported under section 2091 if the administrator determines that: A. The property has a value less than the estimated expenses of notice and sale of the property; or [PL 2019, c. 498, §22 (NEW).] B. Ta…
33 M.R.S. § 2119 Disposition of property having no substantial value; immunity from liability
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1. Return to holder. If the administrator takes custody of property delivered under this Act and later determines that the property has no substantial commercial value or that the cost of disposing of the property will exceed the value of the property, the administrator may retur…
33 M.R.S. § 2120 Periods of limitation and repose
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1. Holder's duty to pay or deliver. Expiration, before, on or after October 1, 2019, of a period of limitation on an owner's right to receive or recover property, whether specified by contract, statute or court order, does not prevent the property from being presumed abandoned or…