North Dakota § 47-30.2-37 (608) Administrator's option as to custody

North Dakota Statutes

§ 47-30.2-37 — (608) Administrator's option as to custody

North Dakota § 47-30.2-37

Title 47Property

Ch. 47-30.2Revised Uniform Unclaimed Property Act

This text of North Dakota § 47-30.2-37 ((608) Administrator's option as to custody) 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 § 47-30.2-37 (2026).

Text

1.The administrator may decline to take custody of property reported under section 47-30.2-21 if the administrator determines that:

a.The property has a value less than the estimated expenses of notice and sale of the property; or

b.Taking custody of the property would be unlawful.

2.A holder may pay or deliver property to the administrator before the property is presumed abandoned under this chapter if the holder:

a.Sends the apparent owner of the property notice required by section 47-30.2-26 and provides the administrator evidence of the holder's compliance with this subsection;

b.Includes with the payment or delivery a report regarding the property conforming to section 47-30.2-22; and

c.First obtains the administrator's consent in a record to accept payment or delivery.

3.A ho

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

1. The administrator may decline to take custody of property reported under section
47-30.2-21 if the administrator determines that:
a. The property has a value less than the estimated expenses of notice and sale of
the property; or
b. Taking custody of the property would be unlawful.
2. A holder may pay or deliver property to the administrator before the property is
presumed abandoned under this chapter if the holder:
a. Sends the apparent owner of the property notice required by section 47-30.2-26
and provides the administrator evidence of the holder's compliance with this
subsection;
b. Includes with the payment or delivery a report regarding the property conforming
to section 47-30.2-22; and
c. First obtains the administrator's consent in a record to accept payment or
delivery.
3. A holder's request for the administrator's consent under subdivision c of subsection 2
must be in a record. If the administrator fails to respond to the request within thirty
days after receipt of the request, the administrator is deemed to consent to the
payment or delivery of the property and the payment or delivery is considered to have
been made in good faith.
4. On payment or delivery of property under subsection 2, the property is presumed
abandoned.