2005 Connecticut Code - Sec. 3-65c. Charge, fee or penalty for inactivity prohibited.
Sec. 3-65c. Charge, fee or penalty for inactivity prohibited. A holder of property
subject to this part may not impose on the property a dormancy charge or fee, abandoned
property charge or fee, unclaimed property charge or fee, escheat charge or fee, inactivity
charge or fee, or any similar charge, fee or penalty for inactivity with respect to the
property. Neither the property nor an agreement with respect to the property may contain
language suggesting that the property may be subject to such a charge, fee or penalty
for inactivity. The provisions of this section shall not apply to property subject to subdivision (1), (2), (3) or (5) of subsection (a) of section 3-57a, provided a holder of any such
property may not impose an escheat charge or fee with respect to such property.
History: June 30 Sp. Sess. P.A. 03-1 effective August 16, 2003; May Sp. Sess. P.A. 04-2 provided that section shall not apply to property subject to certain provisions of Sec. 3-57a, effective May 12, 2004.
