§2196. Waiver of interest and penalty
The administrator: [PL 2019, c. 498, §22 (NEW).]
1. Waive interest and penalties. May waive, in whole or in part, interest under section 2194, subsection 1 and penalties under section 2194, subsection 2 or section 2195; and
[PL 2019, c. 498, §22 (NEW).]
2. Good faith, without negligence. Shall waive a penalty under section 2194, subsection 2 if the administrator determines that the holder acted in good faith and without negligence.
[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 12: ENFORCEMENT BY ADMINISTRATOR
33 §2191. Judicial action to enforce liability
33 §2192. Interstate and international agreement; cooperation
33 §2193. Action involving another state or foreign country
33 §2194. Interest and penalty for failure to act in timely manner