§2166. Failure of person examined to retain records
If a person subject to examination under section 2162 does not retain the records as required by section 2094, the administrator may determine the value of property due using a reasonable method of estimation based on all information available to the administrator, including extrapolation and use of statistical sampling when appropriate and necessary, consistent with examination procedures and standards adopted under and in accordance with section 2163. [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 10: VERIFIED REPORT OF PROPERTY; EXAMINATION OF RECORDS
33 §2161. Verified report of property
33 §2162. Examination of records to determine compliance
33 §2163. Rules for conducting examination
33 §2164. Records obtained in examination
33 §2165. Evidence of unpaid debt or undischarged obligation
33 §2166. Failure of person examined to retain records
33 §2167. Report to person whose records were examined
33 §2168. Complaint to administrator about conduct of person conducting examination
33 §2169. Administrator's contract to conduct examination
33 §2170. Determination of liability for unreported reportable property