§2141. Deposit of funds by administrator
1. Unclaimed Property Fund. The administrator shall deposit in the Unclaimed Property Fund all funds received under this Act, including proceeds from the sale of property under subchapter 7. The Unclaimed Property Fund is a permanent account and may not lapse, but must be carried forward.
[PL 2019, c. 498, §22 (NEW).]
2. Payment of claims from Unclaimed Property Fund. The administrator shall make prompt payment of claims the administrator duly allows as provided for in this Act from the Unclaimed Property Fund under subsection 1. This shall constitute an irrevocable and continuing appropriation of all amounts in the Unclaimed Property Fund necessary to make prompt payment of claims duly allowed by the administrator pursuant to this Act.
[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 8: ADMINISTRATION OF PROPERTY
33 §2141. Deposit of funds by administrator
33 §2142. Administrator to retain records of property
33 §2143. Expenses and service charges of administrator
33 §2144. Administrator holds property as custodian for owner