(a) This article does not relieve the holder of a duty that arose before July 1, 1990, to report, pay, or deliver property. A holder who did not comply with the law in effect before July 1, 1990, is subject to the applicable enforcement and penalty provisions that then existed and they are continued in effect for the purpose of this subsection, subject to Code Section 44-12-227.
(b) The initial report filed under this article for property that was not required to be reported before July 1, 1990, but which is subject to this article must include all items of property that would have been presumed abandoned during the ten-year period preceding July 1, 1990, as if this article had been in effect during that period.
Section: Previous 44-12-225 44-12-226 44-12-227 44-12-228 44-12-229 44-12-230 44-12-231 44-12-232 44-12-233 44-12-234 44-12-235 44-12-236 44-12-237 44-12-238 NextLast modified: October 14, 2016