Rhode Island General Laws 33-21.1-15. Wages
Unpaid wages, including wages represented by unpresented payroll checks, owing in the ordinary course of the holder‘s business which remain unclaimed by the owner for more than one year after becoming payable are presumed abandoned. In addition, unpaid wages, including wages represented by unpresented payroll checks, owing in the ordinary course of the business of a hospital, private, nonprofit institution of higher education, and other domestic charitable corporation which remain unclaimed by the owner for more than one year after becoming payable are presumed abandoned.
History of Section.
P.L. 1986, ch. 500, § 3; P.L. 1989, ch. 223, § 3.
Terms Used In Rhode Island General Laws 33-21.1-15
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Holder: means a person, wherever organized or domiciled, who is:
(i) In possession of property belonging to another,
(ii) A trustee, or
(iii) Indebted to another on an obligation. See Rhode Island General Laws 33-21.1-1
- Hospital: means :
(i) Any nonprofit hospital incorporated under the laws of the state, including any nonprofit subsidiary corporations formed by any hospital or formed by the parent corporation of a hospital, or
(ii) Any nonprofit corporation the member or members of which consist solely of one or more hospitals or parent corporations of hospitals, or
(iii) Any other hospital which is licensed as a general hospital or maternity hospital pursuant to chapter 17 of Title 23 which is exempt from taxation. See Rhode Island General Laws 33-21.1-1
- Owner: means a depositor in the case of a deposit, a beneficiary in the case of a trust other than a deposit in trust, a creditor, claimant, or payee in the case of other intangible property, or a person having a legal or equitable interest in property subject to this chapter or his or her legal representative. See Rhode Island General Laws 33-21.1-1