An Act Relative to the Escheat of United States Savings Bonds
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 33 MRSA §1952, sub-§15-B is enacted to read:
Sec. 2. 33 MRSA §1953, sub-§1, ¶P, as amended by PL 2001, c. 439, Pt. L, §3, is further amended to read:
P. Notwithstanding paragraph E, property contained in a prearranged funeral or burial plan described in Title 32, section 1401, including deposits containing funds from such a plan, 3 years after the death of the person on whose behalf funds were paid into the plan; and
Sec. 3. 33 MRSA §1953, sub-§1, ¶Q, as enacted by PL 2001, c. 439, Pt. L, §4, is amended to read:
Q. Property distributable in the course of a demutualization or related reorganization of an insurance company, 2 years after the earlier of:
(1) The date of the distribution of the property; or
(2) The date of last contact with a policyholder . ; and
Sec. 4. 33 MRSA §1953, sub-§1, ¶R is enacted to read:
R. A United States savings bond, as described in section 1954-B, 3 years after its date of final maturity.
Sec. 5. 33 MRSA §1954-B is enacted to read:
Effective 90 days following adjournment of the 127th Legislature, First Regular Session, unless otherwise indicated.