HARRY HUGHES, Governor

2801

or financial organization organized under the laws of [or
created in the] THIS State, that is unclaimed by the owner
60 days after the date of final distribution, is presumed
abandoned.

[17-110] 17-306.

All intangible personal property and any income or
increment on it, held in a fiduciary capacity for the
benefit of another person, is presumed abandoned unless,
within seven years after it becomes payable or
distributable, the owner has increased or decreased the
principal, accepted payment of principal or income,
corresponded in writing concerning the property, or
otherwise indicated an interest as evidenced by a memorandum
on file with the fiduciary[, if the property is held by:

(1)  A banking organization or financial
organization;

(2)  A business association organized under the
laws of or created in the State;

(3)  A business association doing business in the
State but not organized under the laws of or created in the
State, and the records of the business association indicate
that the last known address of the person entitled to it is
in the State; or

(4)  Any other person in the State].

[17-111] 17-307.

All intangible personal property held for the owner by
any court, public corporation, public authority, or public
officer of [the] THIS State or any political subdivision of
it[,] that has remained unclaimed by the owner for more than
seven years[,] is presumed abandoned.

[17-112] 17-308.

(a)  All unclaimed wages held or owing in the ordinary
course of the holder's business in [the] THIS State, that
have remained unclaimed by the owner for more than seven
years after they became payable, are presumed abandoned.

(b)  All intangible personal property, not otherwise
covered by this title, including any income or increment on
it and deducting any lawful charges, that is held or owing
in [the] THIS State in the ordinary course of the holder's
business and has remained unclaimed by the owner for more
than seven years after it became payable or distributable,
is presumed abandoned.

[17-113] 17-309.