New Hampshire Revised Statutes 471-C:31 – Final Disposition
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I. As used in this section, “appropriate county treasurer” means the treasurer of the county where the holder was located at the time the property under this chapter was delivered to the administrator under N.H. Rev. Stat. § 471-C:21.
II. Following completion of the proceedings specified in N.H. Rev. Stat. § 471-C:30, the administrator shall pay or deliver all property escheated under this chapter to the appropriate county treasurer who shall deposit such property in the county treasury; provided, however, that the administrator shall not pay or deliver the income earned from the working capital fund or any amounts received from out-of-state holders to the counties. The administrator shall reduce amounts paid to the counties under this section for subsequent claims asserted under N.H. Rev. Stat. § 471-C:31-a, if such amounts have previously escheated to the counties.
III. Property delivered from out-of-state holders shall escheat to the general fund.
II. Following completion of the proceedings specified in N.H. Rev. Stat. § 471-C:30, the administrator shall pay or deliver all property escheated under this chapter to the appropriate county treasurer who shall deposit such property in the county treasury; provided, however, that the administrator shall not pay or deliver the income earned from the working capital fund or any amounts received from out-of-state holders to the counties. The administrator shall reduce amounts paid to the counties under this section for subsequent claims asserted under N.H. Rev. Stat. § 471-C:31-a, if such amounts have previously escheated to the counties.
Terms Used In New Hampshire Revised Statutes 471-C:31
- Administrator: means the state treasurer, or designee. See New Hampshire Revised Statutes 471-C:1
- following: when used by way of reference to any section of these laws, shall mean the section next preceding or following that in which such reference is made, unless some other is expressly designated. See New Hampshire Revised Statutes 21:13
- Holder: means a person, wherever organized or domiciled, who is:
(a) In possession of property belonging to another;
(b) A trustee; or
(c) Indebted to another on an obligation. See New Hampshire Revised Statutes 471-C:1
III. Property delivered from out-of-state holders shall escheat to the general fund.