Section 11. (a) At the request of another state, the attorney general may bring an action in the name of such other state in any court of competent jurisdiction in the commonwealth, or federal court within the commonwealth, to enforce the unclaimed property laws of such other state against a holder in the commonwealth of property subject to escheat or a claim of abandonment by such other state, if the other state has agreed to pay reasonable costs incurred by the attorney general in bringing the action.
(b) If the treasurer believes that a person in another state holds property subject to a claim of abandonment by the commonwealth under this chapter, the treasurer may request that the attorney general of the other state, or any other person, bring an action in the name of the commonwealth to enforce the provisions of this chapter against such person.
(c) The commonwealth shall pay all reasonable costs incurred in any action brought under the authority of this section. The treasurer may agree to pay to any person bringing such an action a fee not to exceed ten per cent of the value, after deducting reasonable costs, of any property recovered for the commonwealth as a direct or indirect result of the action; provided, however, that any cost or fee paid pursuant to this section shall not be deducted from the amount that is subject to the claim by the owner in accordance with this chapter.
(d) The treasurer may enter into an agreement to provide information needed to enable another state to audit or otherwise determine unclaimed property it may be entitled to escheat or subject to a claim of custody as abandoned property. The treasurer may, by regulation, require the reporting of information needed to enable him to comply with agreements made pursuant to this section and may prescribe the form including verification of the information to be reported and the time for filing of the reports.
Structure Massachusetts General Laws
Part II - Real and Personal Property and Domestic Relations
Chapter 200a - Disposition of Unclaimed Property
Section 1a - Intangible Personal Property; Presumption of Abandonment
Section 2 - Property; Presumption of Abandonment
Section 3 - Property on Deposit; Presumption of Abandonment
Section 3a - Automatically Renewable Abandonment Periods
Section 4 - Property Deposited as Security; Presumption of Abandonment
Section 5 - Dividends, Stock, Bonds, etc.; Presumption of Abandonment
Section 5a - Insurance Proceeds; Presumption of Abandonment
Section 5b - Dividends, Etc. of Business Associations; Presumption of Abandonment
Section 5c - Employee Benefit Trust Distributions; Presumption of Abandonment
Section 5d - Gift Certificates; Validity; Expiration; Redemption
Section 6 - Money Paid Into Court; Presumption of Abandonment
Section 6a - Property Distributable Upon Dissolution or Liquidation; Presumption of Abandonment
Section 6b - Traveler's Checks and Other Written Instruments; Presumption of Abandonment
Section 6c - Traveler's Checks and Other Written Instruments; Records; Penalty
Section 6d - Property Payable in Course of Demutualization; Presumption of Abandonment
Section 6e - Mineral Proceeds; Abandonment
Section 7 - Report; Form; Contents
Section 7a - Notice to Property Owner at Last Known Address
Section 7b - Property Owner's Last Known Address; Record
Section 8 - Notice of Certain Unclaimed Property; Publication; Form
Section 8a - Delivery or Payment of Abandoned Property to State Treasurer
Section 8b - Recovery of Property by Another State
Section 9 - Property Surrendered to Treasurer; Liquidation; Funds
Section 10 - Property Surrendered to Treasurer; Claims; Hearings; Appeals
Section 10a - Dividends, Interest, etc.; Credit to Owner's Account
Section 11 - Actions by or in Another State to Reclaim Property; Costs; Information
Section 13 - Agreements to Recover Property
Section 13a - Rules and Regulations
Section 13b - Extensions for Filing Reports of Abandoned Property
Section 15a - Delivery or Payment of Abandoned Property as Release and Discharge
Section 15b - Duplicate Certificates of Ownership; Holders of Interests Under Sec. 5b
Section 15c - Charges and Cessation of Interest on Abandoned Property
Section 15d - Good Faith Delivery to Treasurer; Defense and Indemnification by Commonwealth