Section 13. All agreements to pay compensation to recover or assist in the recovery of property reported under section seven made within twenty-four months after the date payment or delivery is made under section eight A are unenforceable. Such an agreement made more than twenty-four months after payment or delivery is required under said section eight A is valid if: (a) it is in writing, signed by the owner and discloses the nature and value of the property and the name and address of the person or entity in possession of the property. (b) the fee or compensation does not exceed ten percent at any time.
Nothing in this section shall be construed to prevent an owner from asserting, at any time, that any agreement to locate property is based on excessive or unjust compensation.
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