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State Treasurer www.state.nh.us/treasury > TREASURY- ABANDONED PROPERTY RULES
Short Summary
The provided legal document content pertains to the New Hampshire Unclaimed and Abandoned Property Law, RSA 471-C. It requires businesses, financial institutions, utilities, and other holders to review their records annually to identify any funds, securities, or other property that may have been unclaimed for specified periods. These holders are then required to make an annual report of their findings. The document establishes rules for identifying abandoned property, outlines the responsibilities of reporting it, and provides guidelines for compliance examinations. The rules are applicable to all persons and holders as defined in the document. The document references several amendments and expiration dates, indicating its historical development. However, no specific exemptions or penalties are mentioned in the provided content. The provided legal document content is part of the New Hampshire Code of Administrative Rules and specifically focuses on the Treasury- Abandoned Property Rules. These rules define various terms such as ‘holder’, ‘act’, ‘department’, ‘administrator’, ‘person’, ’examination’, and ‘auditor’. The rules outline the process of requesting, receiving, analyzing, and reviewing the records of holders or persons to determine compliance with the Unclaimed and Abandoned Property Law. The term ‘auditor’ is defined to include individuals, firms, or organizations employed or retained by the State of New Hampshire Treasury Department for the purpose of carrying out examinations. The rules do not mention specific penalties for non-compliance or violations. The documents primarily govern the handling of unclaimed and abandoned property and apply to holders, administrators, and persons involved in transactions related to such property.
Whom does it apply to?
Persons and holders as defined in the document
What does it govern?
Agreements related to the location, delivery, recovery, or assistance in the recovery of reported property
What are exemptions?
No specific exemptions are mentioned in the provided content
What are the Penalties?
No specific penalties are mentioned in the provided content
Jurisdiction
New Hampshire