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2005 Connecticut Code - Sec. 3-65b. Assessment of interest penalty for failure to report or deliver abandoned property as required.

      Sec. 3-65b. Assessment of interest penalty for failure to report or deliver abandoned property as required. Any person who fails to report or deliver abandoned property within the time prescribed by this part shall pay interest to the Treasurer on such property or the value thereof at the rate of fifteen per cent per annum from the date such property should have been reported or delivered or December 22, 1981, whichever is later. The Treasurer upon a showing of a good faith effort to comply with this part, may waive the interest prescribed in this section.

      (Nov. Sp. Sess. P.A. 81-1, S. 9, 10.)

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