Maine § 33 §2117 Crediting income or gain to owner's account

Maine Statutes

§ 33 §2117 — Crediting income or gain to owner's account

Maine § 33 §2117

Title 33PROPERTY

Ch. 45MAINE REVISED UNCLAIMED PROPERTY ACT

This text of Maine § 33 §2117 (Crediting income or gain to owner's account) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 33, § 33 §2117 (2026).

Text

1.Income or gain realized. If property other than money is delivered to the administrator, the owner is entitled to receive from the administrator income or gain realized or accrued on the property before the property is sold. If the property was an interest-bearing demand, savings or time deposit, the administrator shall pay interest at the current 10-year average cash pool rate. Interest is calculated from the date the property is delivered to the administrator and ends on the expiration of 10 years after its delivery or the date on which payment is made to the owner, whichever is earlier.

2.Period before effective date. Interest on interest-bearing property is not payable under this section for any period before the effective date of this Act, unless authorized by former chapter 41.

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1.
Income or gain realized.
If property other than money is delivered to the administrator, the owner is entitled to receive from the administrator income or gain realized or accrued on the property before the property is sold. If the property was an interest-bearing demand, savings or time deposit, the administrator shall pay interest at the current 10-year average cash pool rate. Interest is calculated from the date the property is delivered to the administrator and ends on the expiration of 10 years after its delivery or the date on which payment is made to the owner, whichever is earlier.
2.
Period before effective date.
Interest on interest-bearing property is not payable under this section for any period before the effective date of this Act, unless authorized by former chapter 41.