Mass. Gen. Laws ch. 200A § 4

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session

Section 200A:4 - Property deposited as security; presumption of abandonment

Subject to the provisions of section one A, any deposit of property made to secure payment for services rendered or to be rendered, or to guarantee the performance of service or duties, or to protect against damage or harm, and the increments thereof, shall be presumed abandoned, unless claimed by the person entitled thereto within three years after the occurrence of the event that would obligate the holder or depository to return it or its equivalent.

Mass. Gen. Laws ch. 200A, § 4