Section 2094 - Retention of records by holderA holder required to file a report under section 2091 shall retain records for 10 years after the date the report was filed or the last date a timely report was due to be filed, whichever is later, unless a shorter period is provided by rule of the administrator. The holder may satisfy the requirement to retain records under this section through an agent. The records must contain: [2019, c. 498, §22(NEW).]
1.Required information. The information required to be included in the report; [2019, c. 498, §22(NEW).]
2.Date, place, nature of circumstances. The date, place and nature of the circumstances that gave rise to the property right; [2019, c. 498, §22(NEW).]
3.Amount or value. The amount or value of the property; [2019, c. 498, §22(NEW).]
4.Last known address of apparent owner. The last known address of the apparent owner, if known to the holder; [2019, c. 498, §22(NEW).]
5.Items not reported unclaimed. Records of items that were not reported as unclaimed sufficient to allow examination to determine whether the holder has complied with the Act; and [2019, c. 498, §22(NEW).]
6.Record of outstanding instruments. If the holder sells, issues or provides to others for sale or issue in this State traveler's checks, money orders or similar instruments, other than 3rd-party bank checks, on which the holder is directly liable, a record of the instruments while they remain outstanding indicating the state and date of issue. [2019, c. 498, §22(NEW).]
Added by 2019, c. 498,§ 22, eff. 9/19/2019.