There Is a Newer Version
of
the Connecticut General Statutes
2005 Connecticut Code - Sec. 3-61a. Property held by fiduciary presumed abandoned, when.
Sec. 3-61a. Property held by fiduciary presumed abandoned, when. All property and any income or increment thereon held in a fiduciary capacity for the benefit of
another person is presumed abandoned unless the owner has, within seven years after
it became payable or distributable, increased or decreased the principal, accepted payment of principal or income, corresponded in writing with the fiduciary concerning the
property or otherwise indicated an interest as evidenced by a memorandum on file with
the fiduciary.
History: Nov. Sp. Sess. P.A. 81-1 changed time period after which property is presumed abandoned from ten to seven years; P.A. 84-456 deleted all references, as included under Subdivs. (1) to (3), inclusive, to the type of organization or any person acting as fiduciary.
See Sec. 3-66b re conditions raising presumption of abandonment of unclaimed intangible property.
Disclaimer: These codes may not be the most recent version. Connecticut may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
