South Dakota § 43-41B-24 Unclaimed property moneys received--Unclaimed property operating fund--Record required.

South Dakota Statutes

§ 43-41B-24 — Unclaimed property moneys received--Unclaimed property operating fund--Record required.

South Dakota·Title 43 PROPERTY·Ch. 43-41A UNIFORM UNCLAIMED PROPERTY ACT

Except as otherwise provided by this section, the administrator shall promptly deposit in the general fund all moneys received under this chapter, including the proceeds from the sale of abandoned property under § 43-41B-23 , not to exceed the general fund contribution limit, as defined in § 43-41B-24.3 , in a fiscal year. The administrator shall maintain in a separate unclaimed property operating fund an amount not more than five hundred thousand dollars from which the administrator must make prompt payment of claims duly allowed. Before making the deposit, the administrator must record the name and last known address of each person appearing from the holders' reports to be entitled to the property and the name and last known address of each insured person or annuitant and beneficiary, an

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Except as otherwise provided by this section, the administrator shall promptly deposit in the general fund all moneys received under this chapter, including the proceeds from the sale of abandoned property under § 43-41B-23 , not to exceed the general fund contribution limit, as defined in § 43-41B-24.3 , in a fiscal year. The administrator shall maintain in a separate unclaimed property operating fund an amount not more than five hundred thousand dollars from which the administrator must make prompt payment of claims duly allowed. Before making the deposit, the administrator must record the name and last known address of each person appearing from the holders' reports to be entitled to the property and the name and last known address of each insured person or annuitant and beneficiary, and with respect to each policy or contract listed in the report of an insurance company, its number, the name of the company, and the amount due. The record must be available for public inspection at all reasonable business hours.

South Dakota § 43-41B-24 (Unclaimed property moneys received--Unclaimed property operating fund--Record required.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.