§2119. Disposition of property having no substantial value; immunity from liability
1. Return to holder. If the administrator takes custody of property delivered under this Act and later determines that the property has no substantial commercial value or that the cost of disposing of the property will exceed the value of the property, the administrator may return the property to the holder or destroy or otherwise dispose of the property.
[PL 2019, c. 498, §22 (NEW).]
2. Immunity from liability. An action or proceeding may not be commenced against the State, an agency of the State, the administrator, another officer, employee or agent of the State or a holder for or because of an act of the administrator under this section, except for intentional misconduct or malfeasance.
[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