North Dakota § 47-30.2-65 (1204) Interest and penalty for failure to act in timely manner

North Dakota Statutes

§ 47-30.2-65 — (1204) Interest and penalty for failure to act in timely manner

North Dakota § 47-30.2-65

Title 47Property

Ch. 47-30.2Revised Uniform Unclaimed Property Act

This text of North Dakota § 47-30.2-65 ((1204) Interest and penalty for failure to act in timely manner) 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 § 47-30.2-65 (2026).

Text

1.An administrator may collect interest from a holder that fails to report, pay, or deliver property within the time prescribed by this chapter. Interest must be calculated at an annual rate of one percent of the sum for each thirty-day period of delinquency or fraction of delinquency period on the property or value of the property from the date the property should have been reported, paid, or delivered to the administrator until the date reported, paid, or delivered.

2.Except as otherwise provided in section 47-30.2-66 or 47-30.2-67, the administrator may require a holder that fails to report, pay, or deliver property within the time prescribed by this chapter to pay to the administrator, in addition to interest included under subsection 1, a civil penalty of two hundred dollars for eac

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1. An administrator may collect interest from a holder that fails to report, pay, or deliver
property within the time prescribed by this chapter. Interest must be calculated at an
annual rate of one percent of the sum for each thirty-day period of delinquency or
fraction of delinquency period on the property or value of the property from the date
the property should have been reported, paid, or delivered to the administrator until the
date reported, paid, or delivered.
2. Except as otherwise provided in section 47-30.2-66 or 47-30.2-67, the administrator
may require a holder that fails to report, pay, or deliver property within the time
prescribed by this chapter to pay to the administrator, in addition to interest included
under subsection 1, a civil penalty of two hundred dollars for each day the duty is not
performed, up to a cumulative maximum amount of five thousand dollars.