Maine Statutes
§ 33 §2196 — Waiver of interest and penalty
The administrator:
1.Waive interest and penalties.
May waive, in whole or in part, interest under section 2194, subsection 1 and penalties under section 2194, subsection 2 or section 2195; and
2.Good faith, without negligence.
Shall waive a penalty under section 2194, subsection 2 if the administrator determines that the holder acted in good faith and without negligence.
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Legislative History
PL 2019, c. 498, §22 (NEW).
Nearby Sections
15
§ 33 §2101
Notice to apparent owner by holder§ 33 §2102
Contents of notice by holder§ 33 §2103
Notice by administrator§ 33 §2111
Definition of good faith§ 33 §2112
Dormancy charge§ 33 §2116
Property removed from safe deposit box§ 33 §2118
Administrator's options as to custody§ 33 §2120
Periods of limitation and repose