Escheat in Maine

Sources

ME Rev. Stat. Ann. Title 33, ? 1953(1)(O)

Recipient Office

State Treasurer

Reporting

• Time Period: 3
• Due Diligence Amount: 50
• Due Diligence Dates: Not more than 120 day nor less than 60 days prior to report
• Aggregate Amount: $49.99
• Report Period: 7/1-6/30
• Report Due Date: 11/1
• Negative Reporting: Yes - if incorporated in ME or a ME based business; Not req'd if negative report filed 3 years in a row.

Dormancy Fee

Only if there is a valid and enforceable contract with the owner under which the holder may impose the charge and the holder regularly imposes the charge. Amount limited to amount that is not unconscionable.

Web Site

http://www.maine.gov/treasurer/unclaimed_property/index.html

Cross-References

• Maine
• Escheat