North Dakota § 47-30.2-31 (602) Dormancy charge

North Dakota Statutes

§ 47-30.2-31 — (602) Dormancy charge

North Dakota § 47-30.2-31

Title 47Property

Ch. 47-30.2Revised Uniform Unclaimed Property Act

This text of North Dakota § 47-30.2-31 ((602) Dormancy charge) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 47-30.2-31 (2026).

Text

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

a.An enforceable written contract between the holder and the apparent owner authorizes imposition of the charge for the apparent owner's failure to claim the property within a specified time; and

b.The holder regularly imposes the charge and regularly does not reverse or otherwise cancel the charge.

2.Charges authorized under this section may only be charged until the respective property is deemed abandoned.

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1. A holder may deduct a dormancy charge from property required to be paid or delivered
to the administrator if:
a. An enforceable written contract between the holder and the apparent owner
authorizes imposition of the charge for the apparent owner's failure to claim the
property within a specified time; and
b. The holder regularly imposes the charge and regularly does not reverse or
otherwise cancel the charge.
2. Charges authorized under this section may only be charged until the respective
property is deemed abandoned.