Maine Revised Statutes Title 8 Sec. 382 – Unclaimed prize money
Current as of: 2023 | Check for updates
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Terms Used In Maine Revised Statutes Title 8 Sec. 382
- Director: means the Director of Alcoholic Beverages and Lottery Operations. See Maine Revised Statutes Title 8 Sec. 371
- Person: means an individual, association, corporation, limited liability company, limited partnership, limited liability partnership, partnership, club, trust, estate, society, company, receiver, trustee, assignee, referee or other person acting in a fiduciary or representative capacity, whether appointed by a court or otherwise, and any combination of individuals. See Maine Revised Statutes Title 8 Sec. 371
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
Unclaimed prize money for the prize on a winning ticket or share must be retained by the director for the person entitled to it for one year after the drawing in which the prize was won. If no claim is made for the money within that year, the prize money must be transferred to the General Fund as undedicated revenue. [PL 1993, c. 6, Pt. B, §2 (AMD).]
Unclaimed prize money for a game for which there is no drawing must be retained by the director for a reasonable period of time and may be transferred to the General Fund if the director determines that adequate funds have been retained to pay anticipated delayed claims. [PL 1997, c. 24, Pt. C, §3 (NEW).]
SECTION HISTORY
PL 1987, c. 505, §2 (NEW). PL 1993, c. 6, §B2 (AMD). PL 1997, c. 24, §C3 (AMD).