North Dakota Code 47-30.2-21 – (401) Report required by holder
Current as of: 2023 | Check for updates
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1. A holder of property presumed abandoned and subject to the custody of the administrator shall report in a record to the administrator concerning the property.
Terms Used In North Dakota Code 47-30.2-21
- Contract: A legal written agreement that becomes binding when signed.
- Property: includes property, real and personal. See North Dakota Code 1-01-49
2. A holder may contract with a third party to make the report required under subsection 1.
3. Whether or not a holder contracts with a third party under subsection 2, the holder is responsible:
a. To the administrator for the complete, accurate, and timely reporting of property presumed abandoned; and
b. For paying or delivering to the administrator property described in the report.
4. A holder may file a negative report if the holder does not have reportable property or safe deposit box contents.