W. Va. Code R. § 112-16-2

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 112-16-2 - Definitions

For the purposes of this rule, the definitions and use of terms contained in W. Va. Code § 37B-1-1 et seq., § 37B-2-1 et seq. and § 36-8-1 et seq., have the same use and meaning as prescribed to them by the Code, unless a different meaning is clearly required by the context. Additionally, for purposes of this rule, the following definitions apply:

2.1. "Act" means the Unknown and Unlocatable Interest Owners Act, W. Va. § 37B-2-1, et seq.

2.2. "Holder" means a person or entity obligated to hold for the account of, or deliver or pay to, an owner.

2.3. "Negative report" means a report for which there is no property or information required to be reported under the Act.

2.4. "Owner" means an unknown or unlocatable interest owner as defined in West Virginia Code § 37B-1-3.

2.5. "Property" means a reserved interest of an owner reportable under the Act.

2.6. "UUPA" means the Uniform Unclaimed Property Act, W. Va. Code § 36-8-1, et seq., and the rules promulgated in accordance with the UUPA.

W. Va. Code R. § 112-16-2