ARM 42.38.201

ARM 42.38.201. PRESUMPTION OF ABANDONMENT -- EXCEPTION

Last amended: 2012Length: 110 wordsOfficial source

Cite as Mont. Admin. R. 42.38.201

(1) Property in the possession of a holder that is presumed abandoned under the act must be reported and delivered to the department as abandoned property. (2) Property held by a fiduciary is presumed abandoned unless the owner has, within five years after it became payable or distributable: (a) increased or decreased the principal; (b) accepted payment of principal or income; (c) corresponded in writing concerning the property; or (d) otherwise indicated an interest as evidenced by a memorandum on file with the fiduciary. (3) Tangible safe deposit box property must be shipped to the following address: Montana Department of Revenue Unclaimed Property Manager 2517 Airport Rd. Helena, MT 59601
ARM 42.38.201: ARM 42.38.201. PRESUMPTION OF ABANDONMENT -- EXCEPTION | Justis AI