(a)  The administrator may dispose of any “de minimis” property delivered under this chapter that has been in possession of the administrator for more than ten (10) years. No action or proceeding may be maintained against the state, or any officer, or against the holder for any action taken by the administrator pursuant to this section.

Terms Used In Rhode Island General Laws 33-21.1-28.1

  • Administrator: means the general treasurer or his or her designee, including agents hired for the express purpose of auditing, assessing and collecting unclaimed property. See Rhode Island General Laws 33-21.1-1
  • Holder: means a person, wherever organized or domiciled, who is:

    (i)  In possession of property belonging to another,

    (ii)  A trustee, or

    (iii)  Indebted to another on an obligation. See Rhode Island General Laws 33-21.1-1

  • State: means any state, district, commonwealth, territory, insular possession, or any other area subject to the legislative authority of the United States. See Rhode Island General Laws 33-21.1-1

(b)  For the purposes of this chapter, “de minimis” property means any property with a value of less than fifty dollars ($50.00).

History of Section.
P.L. 2011, ch. 293, § 1; P.L. 2011, ch. 301, § 1.