Rhode Island General Laws 33-21A-5. Collection and deposit of funds
Current as of: 2023 | Check for updates
|
Other versions
The general treasurer shall present a copy of each final judgment of escheat to the United States treasury department for payment of the principal due and the interest computed under regulations of the United States treasury department. The payment received shall be deposited in the general funds of the state.
History of Section.
P.L. 1971, ch. 28, § 1.
Terms Used In Rhode Island General Laws 33-21A-5
- Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Source: OCC
- United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8