Chapter 16 - Escheat of unclaimed Bank deposits

28.1601 Definitions.

As used in this chapter, unless the context c…

28.1602 Certified check or account acquired through merger or otherwise.

Any bank which, through merger, reorganizatio…

28.1603 Fees or charges on inactive or dormant savings or time deposit account.

During the 10 year period of inactivity or do…

28.1604 Presumption of no claimants-Escheat.

It shall be presumed that there is or are no…

28.1605 Notice of unclaimed deposit-Mailing-Publication.

(a) For the purposes of this section, an uncl…

28.1606 Annual reports to Treasurer of unclaimed deposits-Failure to make-Inspection by public.

(a) Not later than the thirty-first day of Ja…

28.1607 Escheat-Deposits of less than fifty dollars.

All unclaimed bank deposits of less than fift…

28.1608 Unclaimed deposits reported on December 31 to escheat-Deposits less than fifty dollars reported separately.

(a) All unclaimed bank deposits reported by a…

28.1609 Penalty for failure of bank to pay over unclaimed deposits when payable-Suits.

Any bank which fails to pay over to the Treas…

28.1610 Actions for escheat-Jurisdiction-Procedure.

It is the duty of the Attorney General within…

28.1611 Liability of Bank ceases on payment to Treasurer.

No Bank which must pay over to the Treasurer…

28.1612 Bank records of escheated deposits-Preservation-Copies furnished to Treasurer.

No bank shall destroy or otherwise dispose of…

28.1613 Records of Treasurer of escheated deposits-Disposition.

(a) The Treasurer must establish and maintain…

28.1614 Services by salaried officials to be without charge-Expense of administration.

All services required by this chapter to be p…

28.1615 Credit unions.

When no transaction has occurred in a credit…