MARVIN MANDEL, Governor

659

UNPAID FOR MORE THAN SEVEN YEARS AFTER THE MONEY BECOMES
DUE AND PAYABLE, AS ESTABLISHED FROM THE RECORDS OF THE
CORPORATION, EITHER TO AN INSURED, A PRINCIPAL, OR A
CLAIMANT UNDER ANY FIRE, CASUALTY, OR SURETY INSURANCE
POLICY OR CONTRACT.

(C) FAILURE TO SURRENDER POLICY OR CONTRACT,

MONEY OTHERWISE PAYABLE ACCORDING TO THE RECORDS OF
THE CORPORATION IS CONSIDERED DUE AND PAYABLE ALTHOUGH
THE POLICY OR CONTRACT HAS NOT BEEN SURRENDERED AS
REQUIRED.

REVISOR'S NOTE: This section presently appears as
Art. 95C, §3.

The only changes are technical changes in
style.

17-107. SAME - FUNDS HELD OR OWING BY UTILITY.

THE FOLLOWING FUNDS HELD OR OWING BY ANY UTILITY ARE
PRESUMED ABANDONED:

(1)   ANY DEPOSIT MADE BY A SUBSCRIBER WITH A UTILITY
TO SECURE PAYMENT FOR, OR ANY SUM PAID IN ADVANCE FOR,
UTILITY SERVICES TO BE FURNISHED IN THE STATE, LESS ANY
LAWFUL DEDUCTION, THAT HAS REMAINED UNCLAIMED BY THE
PERSON WHO APPEARS OR THE RECORDS OF THE UTILITY AS
ENTITLED TO IT FOR MORE THAN SEVEN YEARS AFTER THE
TERMINATION OF THE SERVICES FOR WHICH THE DEPOSIT OR
ADVANCE PAYMENT WAS MADE;

(2)   ANY SUM WHICH A UTILITY HAS BEEN ORDERED TO
REFUND AND WHICH WAS RECEIVED FOR UTILITY SERVICES
RENDERED IN THE STATE, TOGETHER WITH ANY INTEREST ON IT,
LESS ANY LAWFUL DEDUCTION, THAT HAS REMAINED UNCLAIMED BY
THE PERSON APPEARING ON THE RECORDS OF THE UTILITY AS
ENTITLED TO IT FOR MORE THAN SEVEN YEARS AFTER THE DATE
IT BECAME PAYABLE IN ACCORDANCE WITH THE FINAL
DETERMINATION OR ORDER PROVIDING FOR THE REFUND; AND

(3)   ANY SUM PAID TO A UTILITY FOR A UTILITY
SERVICE, WHICH SERVICE HAS NOT BEEN RENDERED WITHIN SEVEN
YEARS OF THE PAYMENT.

REVISOR'S NOTE: This section presently appears as
Art. 95C, §4.

The only changes are technical changes in
style.

17-108. SAME - STOCK OR SUM HELD OR OWING BY BUSINESS
ASSOCIATION.