§2116. Property removed from safe deposit box
Property removed from a safe deposit box and delivered under this Act to the administrator is subject to the holder's right to reimbursement for the cost of opening the box and a lien or contract providing reimbursement to the holder for unpaid rent charges for the box. The administrator shall reimburse the holder from the proceeds remaining after deducting the expense incurred by the administrator in selling the property. [PL 2019, c. 498, §22 (NEW).]
SECTION HISTORY
PL 2019, c. 498, §22 (NEW).
Structure Maine Revised Statutes
Chapter 45: MAINE REVISED UNCLAIMED PROPERTY ACT
Subchapter 6: TAKING CUSTODY OF PROPERTY BY ADMINISTRATOR
33 §2111. Definition of good faith
33 §2113. Payment or delivery of property to administrator
33 §2114. Effect of payment or delivery of property to administrator
33 §2115. Recovery of property by holder from administrator
33 §2116. Property removed from safe deposit box
33 §2117. Crediting income or gain to owner's account
33 §2118. Administrator's options as to custody
33 §2119. Disposition of property having no substantial value; immunity from liability