Rhode Island § 33-21.1-2.1 § 33-21.1-2.1. United States savings bonds unclaimed property escheat procedure.

Rhode Island Statutes

§ 33-21.1-2.1 — § 33-21.1-2.1. United States savings bonds unclaimed property escheat procedure.

Rhode Island § 33-21.1-2.1

Title 33Probate practice and procedure

Ch. 33-21.1Unclaimed Intangible and Tangible Property

This text of Rhode Island § 33-21.1-2.1 (§ 33-21.1-2.1. United States savings bonds unclaimed property escheat procedure.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 33-21.1-2.1 (2026).

Text

§ 33-21.1-2.1. United States savings bonds unclaimed property escheat procedure.
(a) Notwithstanding the provisions of § 33-21.1-2(b), United States savings bonds that are unclaimed property and subject to the provisions
            of this chapter shall escheat to the state of Rhode Island three (3) years after becoming
            unclaimed property, and all property rights to such United States savings bonds or
            proceeds from such bonds shall vest solely in the state of Rhode Island.
         
(b) If no claim has been filed pursuant to this chapter for United States savings bonds,
            the administrator may commence a civil action in any district court wi

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§ 33-21.1-2.1. United States savings bonds unclaimed property escheat procedure.

(a) Notwithstanding the provisions of § 33-21.1-2(b), United States savings bonds that are unclaimed property and subject to the provisions of this chapter shall escheat to the state of Rhode Island three (3) years after becoming unclaimed property, and all property rights to such United States savings bonds or proceeds from such bonds shall vest solely in the state of Rhode Island.

(b) If no claim has been filed pursuant to this chapter for United States savings bonds, the administrator may commence a civil action in any district court within the state of Rhode Island for a determination that such United States savings bonds shall escheat to the state. The administrator may postpone the bringing of such action until sufficient United States savings bonds have accumulated in the administrator's custody to justify the expense of such proceedings.

(c) If no person shall file a claim or appear at the hearing to substantiate a claim, or where the court shall determine that a claimant is not entitled to the property claimed by such claimant, then the court, if satisfied by evidence that the administrator has substantially complied with the laws of this state, shall enter a judgment that the subject United States savings bonds have escheated to the state.

(d) The administrator may redeem such United States savings bonds escheated to the state and proceeds from such redemption of United States savings bonds shall be deposited in the state general fund in accordance with the provisions of § 33-21.1-23.