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Current as of January 01, 2022 | Updated by FindLaw Staff
Before making a deposit of funds received under this Act to the Unclaimed Property Fund under section 2141, the administrator may deduct:
1. Expenses of disposition of property. Expenses of disposition of property delivered to the administrator under this Act;
2. Costs of mailing and publication. Costs of mailing and publication in connection with property delivered to the administrator under this Act;
3. Reasonable service charges. Reasonable service charges; and
4. Expenses incurred. Expenses incurred in examining records of or collecting property from a putative holder or holder.
At the end of each year or more often, the administrator shall transfer to the General Fund all money in the Unclaimed Property Fund under section 2141 that is in excess of $500,000.
Cite this article: FindLaw.com - Maine Revised Statutes Title 33. Property § 2143. Expenses and service charges of administrator - last updated January 01, 2022 | https://codes.findlaw.com/me/title-33-property/me-rev-st-tit-33-sect-2143/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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