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Current as of January 01, 2024 | Updated by Findlaw Staff
1. A holder that under this chapter pays money to the administrator may file a claim for reimbursement from the administrator of the amount paid if the holder:
a. Paid the money in error; or
b. After paying the money to the administrator, paid money to a person the holder reasonably believed was entitled to the money.
2. A holder that under this chapter delivers property other than money to the administrator may file a claim for return of the property from the administrator if:
a. The holder delivered the property in error; or
b. The apparent owner has claimed the property from the holder.
3. If a claim for return of property under subsection 2 is made, the holder shall include with the claim evidence sufficient to establish that:
a. The apparent owner has claimed the property from the holder and that the property was delivered to the apparent owner in full; or
b. The property was delivered by the holder to the administrator in error.
4. The administrator may determine that an affidavit submitted by a holder is evidence sufficient to establish that the holder is entitled to reimbursement or to recover property under this section.
5. A holder is not required to pay a fee or other charge for reimbursement or return of property under this section.
6. Not later than ninety days after a claim is filed under subsection 1 or 2, the administrator shall allow or deny the claim and give the claimant notice of the decision in a record.
Cite this article: FindLaw.com - North Dakota Century Code Title 47. Property § 47-30.2-34. Recovery of property by holder from administrator - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-47-property/nd-cent-code-sect-47-30-2-34/
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 before relying on it for your legal needs.
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