The administrator may take custody of property that is presumed abandoned, whether located in this state, another state, or a foreign country if:

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Terms Used In North Dakota Code 47-30.2-16

1.    The last-known address of the apparent owner in the records of the holder is in this state; or

2.    The records of the holder do not reflect the identity or last-known address of the apparent owner, but the administrator has determined that the last-known address of the apparent owner is in this state.