N.H. Admin. Code § Tre 303.01

Current through Register No. 45, November 7, 2024

Section Tre 303.01 - Report of Abandoned Property

(a) Holders shall: (1) Report abandoned property; and (2) Include but not be limited to:

a.Business associations;

b.Banking or financial organizations;

c.Insurance companies;

d.Utilities;

e.Persons, including any individual, government, political subdivision, public authority, public corporation, estate, trust, hospital or any other legal or commercial entity, including non-profit organizations; and

f.Any other persons or entities holding property subject to the custody and control of the state pursuant to the provisions of RSA 471-C.

(b) All property as defined in RSA 471-C:1 or further described in 471-C:2 and 471-C:3a shall be reported.

(c) Report shall be due as follows:

(1) All holders, except insurance companies, shall file the report on or before November 1 each year on form T-1 with respect to all property it holds as of the 30th day of the preceding June.

(2) Insurance companies shall file the report on or before May 1 of each year on form T-1 with respect to all property it holds as of the preceding December 31.

(d) Any person in possession of property which will become reportable in the future, but is not yet presumed abandoned under the act, by complying with the provisions of RSA 471-C:29, II may file the report with the administrator prior to the date of required reporting.

(e) Holders shall attempt to locate the apparent owner as follows:

(1) All holders shall exercise due diligence in attempting to locate apparent owners of unclaimed or abandoned property by delivering written notice to their last known address advising that:

a.The holder is in possession of property subject to this chapter;

b.The property has a value of $50.00 or more; and

c.The holder should be contacted for recovery of the property; and

(2) The written notice to an apparent owner shall be sent no sooner than 120 days but no later than 60 days, prior to reporting, to allow adequate time for owner response.

(f) Report shall be filed as follows:

(1) FORM T-1 shallbe used to report abandoned property;

(2) The form shall be available from:

Office of the State Treasurer

Abandoned Property Division

25 Capitol Street, Room 205

Concord, NH 03301

(603) 271-2619

(3) The completed report shall be filed on or before November 1^st each year, provided, however, that insurers shall file on or before May 1 each year.

(4) Each person submitting a report of abandoned property under RSA 471-C shall report on form T-1 or in other written form or electronic means capable of producing a written document so long as the following information is supplied:

a.Name and address of holder;

b.Identity of holder contact;

c.Telephone number of holder;

d.Report year;

e.Number of individual owners listed on report;

f.Property types;

g.Identifying account numbers;

h.Owners last name, first name, street address, city, state, zip code;

i.Owner social security number;

j.Date of last transaction or date property became payable/returnable;

k.Amount due owner before deductions and withholdings;

l.Number of shares due owner;

m.Identifying number (CUSIP number);

n.Amount remitted as due owner;

o.Aggregate amounts due;

p.Total amount of property remitted; and

q.Duly notarized signature of authorized holder representative.

N.H. Admin. Code § Tre 303.01

#7435, eff 1-25-01, EXPIRED: 1-25-09

New. #9465, INTERIM, eff 4-25-09, EXPIRED: 10-22-09