Maine § 33 §2112 Dormancy charge

Maine Statutes

§ 33 §2112 — Dormancy charge

Maine·Title 33 PROPERTY·Ch. 45 MAINE REVISED UNCLAIMED PROPERTY ACT

1.Deduct dormancy charge. A holder may deduct a dormancy charge from property required to be paid or delivered to the administrator if:

2.Not unconscionable amount. The amount of the deduction under subsection 1 is limited to an amount that is not unconscionable considering all relevant factors, including the marginal transactional costs incurred by the holder in maintaining the apparent owner's property and any services received by the apparent owner.

Free access — add to your briefcase to read the full text and ask questions with AI

1.
Deduct dormancy charge.
A holder may deduct a dormancy charge from property required to be paid or delivered to the administrator if:
2.
Not unconscionable amount.
The amount of the deduction under subsection 1 is limited to an amount that is not unconscionable considering all relevant factors, including the marginal transactional costs incurred by the holder in maintaining the apparent owner's property and any services received by the apparent owner.

Maine § 33 §2112 (Dormancy charge) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.