CHAPTER 471-C CUSTODY AND ESCHEAT OF UNCLAIMED AND ABANDONED PROPERTY
Section 471-C:33
471-C:33 Periods of Limitation. –
I. The expiration, before or after January 1, 1987, of any period of time specified by contract, statute, or court order, during which a claim for money or property can be made or during which an action or proceeding may be enforced to obtain payment of a claim for money or to recover property, does not prevent the money or property from being presumed abandoned or affect any duty to file a report or to pay or deliver abandoned property to the administrator as required by this chapter.
II. Notwithstanding any other provision of law, the expiration of any period of time specified by law, during which an action or proceeding may be commenced or enforced to obtain payment of a claim for money or recovery of property, shall not serve as a defense in any action or proceeding brought by or on behalf of the administrator against any federal, state or local government or governmental subdivision, agency, entity, officer or appointee for the payment or delivery of any abandoned property to the administrator pursuant to this chapter or to enforce or collect any penalty provided by this chapter.
III. Paragraph II shall apply to all abandoned property held by any federal, state or local government or governmental subdivision, agency, entity, officer or appointee on or after April 13, 1990, regardless of when such property shall be deemed presumptively abandoned.
Source. 1986, 204:1. 1990, 105:14, eff. April 13, 1990.