§2094. Retention of records by holder
A holder required to file a report under section 2091 shall retain records for 10 years after the date the report was filed or the last date a timely report was due to be filed, whichever is later, unless a shorter period is provided by rule of the administrator. The holder may satisfy the requirement to retain records under this section through an agent. The records must contain:
[PL 2019, c. 498, §22 (NEW).]
1.
Required information.
The information required to be included in the report;
[PL 2019, c. 498, §22 (NEW).]
2.
Date, place, nature of circumstances.
The date, place and nature of the circumstances that gave rise to the property right;
[PL 2019, c. 498, §22 (NEW).]
3.
Amount or value.
The amount or value of the property;
[PL 2019, c. 498, §22 (NEW).]
4.
Last known address of apparent owner.
The last known address of the apparent owner, if known to the holder;
[PL 2019, c. 498, §22 (NEW).]
5.
Items not reported unclaimed.
Records of items that were not reported as unclaimed sufficient to allow examination to determine whether the holder has complied with the Act; and
[PL 2019, c. 498, §22 (NEW).]
6.
Record of outstanding instruments.
If the holder sells, issues or provides to others for sale or issue in this State traveler's checks, money orders or similar instruments, other than 3rd-party bank checks, on which the holder is directly liable, a record of the instruments while they remain outstanding indicating the state and date of issue.
[PL 2019, c. 498, §22 (NEW).]
SECTION HISTORY
PL 2019, c. 498, §22 (NEW).