General Laws of Massachusetts - Chapter 200A Disposition of Unclaimed Property
- Massachusetts General Laws - Definitions - Chapter 200A, Section 1
As used in this chapter, the following words shall, unless the context otherwise requires, have the following meanings:— “Abandoned property”, property presumed unclaimed and abandoned...
- Massachusetts General Laws - Intangible personal property; presumption of abandonment - Chapter 200A, Section 1A
Unless otherwise provided, intangible personal property is presumed abandoned under this chapter if the conditions for presumption of abandonment stated in section three, four, five,...
- Massachusetts General Laws - Property; presumption of abandonment - Chapter 200A, Section 2
(a) Property which has been bequeathed to any person, shall be presumed abandoned, if not claimed by that person or his heirs, legatees or distributees...
- Massachusetts General Laws - Property on deposit; presumption of abandonment - Chapter 200A, Section 3
Any deposit of property with a person having a residence or place of business in the commonwealth, or authorized to do business therein, together with...
- Massachusetts General Laws - Automatically renewable abandonment periods - Chapter 200A, Section 3A
The abandonment period of any property set forth in section three that is automatically renewable shall commence upon the expiration of its initial time period...
- Massachusetts General Laws - Property deposited as security; presumption of abandonment - Chapter 200A, Section 4
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...
- Massachusetts General Laws - Dividends, stock, bonds, etc.; presumption of abandonment - Chapter 200A, Section 5
Subject to the provision of section one A, all intangible personal property not otherwise presumed to have been abandoned under any other section of this...
- Massachusetts General Laws - Insurance proceeds; presumption of abandonment - Chapter 200A, Section 5A
(a) Subject to the provisions of section one A, funds held or owing by a life insurance company under any life or endowment insurance policy...
- Massachusetts General Laws - Dividends, etc. of business associations; presumption of abandonment - Chapter 200A, Section 5B
(a) Subject to section one A, any dividend, profit, distribution, interest, payment on principal, or other sum held or owing by a business association for...
- Massachusetts General Laws - Employee benefit trust distributions; presumption of abandonment - Chapter 200A, Section 5C
All employee benefit trust distributions and any income or other increment thereon shall be presumed abandoned if the owner within three years after it becomes...
- Massachusetts General Laws - Gift certificates; validity; expiration; redemption - Chapter 200A, Section 5D
A gift certificate, as defined in section 1 of chapter 255D, sold or offered to be sold shall be valid for not less than 7...
- Massachusetts General Laws - Money paid into court; presumption of abandonment - Chapter 200A, Section 6
Monies paid into any court within the commonwealth for distribution, and the increments thereof, shall be presumed abandoned if not claimed within three years after...
- Massachusetts General Laws - Property distributable upon dissolution or liquidation; presumption of abandonment - Chapter 200A, Section 6A
All property distributable in the course of a voluntary or involuntary dissolution or liquidation of a person that remains unclaimed by the person entitled thereto,...
- Massachusetts General Laws - Traveler’s checks and other written instruments; presumption of abandonment - Chapter 200A, Section 6B
(a) Subject to the provisions of section one A and subsection (b) of this section, any sum payable on a certified check, draft, cashier’s check,...
- Massachusetts General Laws - Traveler’s checks and other written instruments; records; penalty - Chapter 200A, Section 6C
(a) Any person that sells in the commonwealth certified checks, drafts, cashier’s checks, treasurer’s checks, registered checks, traveler’s checks, money orders, or other similar written...
- Massachusetts General Laws - Property payable in course of demutualization; presumption of abandonment - Chapter 200A, Section 6D
Notwithstanding any provision of this chapter to the contrary, unclaimed property payable or distributable in the course of a demutualization or related reorganization of an...
- Massachusetts General Laws - Mineral proceeds; abandonment - Chapter 200A, Section 6E
(a) Mineral proceeds includes all obligations to pay resulting from the production and sale of minerals, including net revenue interests, royalties, overriding royalties, production payments,...
- Massachusetts General Laws - Report; form; contents - Chapter 200A, Section 7
(a) Every person holding property declared by this chapter to be presumed abandoned shall report to the treasurer as provided in this section. (b) The...
- Massachusetts General Laws - Notice to property owner at last known address - Chapter 200A, Section 7A
If the person in possession of property in an amount of one hundred dollars or more presumed abandoned under this chapter has the last known...
- Massachusetts General Laws - Property owner’s last known address; record - Chapter 200A, Section 7B
Every person required to file a report under section seven, except holders in possession of property subject to section six C, shall, as to any...
- Massachusetts General Laws - Notice of certain unclaimed property; publication; form - Chapter 200A, Section 8
(a) The treasurer shall cause a notice to be published, not later than March first or, in the case of life insurance companies, September first...
- Massachusetts General Laws - Delivery or payment of abandoned property to state treasurer - Chapter 200A, Section 8A
(a) A person who has filed a report as provided in section 7 shall, by November 1 or, in the case of life insurance companies...
- Massachusetts General Laws - Recovery of property by another state - Chapter 200A, Section 8B
(a) At any time after property has been paid or delivered to the treasurer under this chapter, another state is entitled to recover the property...
- Massachusetts General Laws - Property surrendered to treasurer; liquidation; funds - Chapter 200A, Section 9
(a) Property which has been surrendered to the state treasurer under provisions of this chapter shall vest in the commonwealth, subject, nevertheless, to provisions of...
- Massachusetts General Laws - Disposition of abandoned funds by city or town; notice of period during which funds may be claimed; city treasurer authorized to hear claims; appeal; disbursement - Chapter 200A, Section 9A
(a) In any city, town or district that accepts this section in the manner provided in section 4 of chapter 4, there shall be an...
- Massachusetts General Laws - Property surrendered to treasurer; claims; hearings; appeals - Chapter 200A, Section 10
(a) Any person claiming an interest in property surrendered to the state treasurer under the provisions of this chapter may establish his claim at any...
- Massachusetts General Laws - Dividends, interest, etc.; credit to owner’s account - Chapter 200A, Section 10A
Whenever any property is paid or delivered to the treasurer other than money under this act, the treasurer upon receipt, shall credit to the owner’s...
- Massachusetts General Laws - Actions by or in another state to reclaim property; costs; information - Chapter 200A, Section 11
(a) At the request of another state, the attorney general may bring an action in the name of such other state in any court of...
- Massachusetts General Laws - Treasurer; examination of books and records; reporting violations; penalty; costs; interest; limitation period for examinations; appeal of audit findings; written petition for review - Chapter 200A, Section 12
(a) The treasurer may at any reasonable time and upon reasonable notice examine the records of any person to determine if said person has complied...
- Massachusetts General Laws - Agreements to recover property - Chapter 200A, Section 13
All agreements to pay compensation to recover or assist in the recovery of property reported under section seven made within twenty-four months after the date...
- Massachusetts General Laws - Rules and regulations - Chapter 200A, Section 13A
The treasurer is hereby authorized to make necessary rules and regulations to carry out the provisions of this section.
- Massachusetts General Laws - Extensions for filing reports of abandoned property - Chapter 200A, Section 13B
The treasurer is hereby empowered to extend the date for filing of a report and turning over property for a period up to two months...
- Massachusetts General Laws - Construction - Chapter 200A, Section 14
Nothing in this chapter shall be construed to affect the provisions of section thirteen of chapter eighteen; section six of chapter one hundred and fifteen...
- Massachusetts General Laws - Insufficient funds; payment of expenses incurred in anticipation of revenues to be received during fiscal year - Chapter 200A, Section 15
If during any session of the legislature there are insufficient funds in the Unclaimed Property Fund to pay all the claims which have been allowed...
- Massachusetts General Laws - Delivery or payment of abandoned property as release and discharge - Chapter 200A, Section 15A
The payment or delivery of any property except property other than cash, whether or not payable or deliverable under this chapter, to the treasurer by...
- Massachusetts General Laws - Duplicate certificates of ownership; holders of interests under Sec. 5B - Chapter 200A, Section 15B
The holder of an interest under section five B shall deliver a duplicate certificate or other evidence of ownership if the holder does not issue...
- Massachusetts General Laws - Charges and cessation of interest on abandoned property - Chapter 200A, Section 15C
In connection with property heretofore or hereinafter reportable or reportable under this chapter, no holder may impose any charges in respect of dormancy or inactivity...
- Massachusetts General Laws - Good faith delivery to treasurer; defense and indemnification by commonwealth - Chapter 200A, Section 15D
(1) If the holder pays or delivers property to the treasurer in good faith and thereafter another person claims the property from the holder or...
- Massachusetts General Laws - Inconsistent provisions; repeal - Chapter 200A, Section 16
All provisions of the General Laws inconsistent herewith are hereby repealed.
- Massachusetts General Laws - Severability - Chapter 200A, Section 17
If any section or clause of this chapter is held invalid or unconstitutional by a court of competent jurisdiction the remainder shall not be affected
Last modified: September 11, 2015