TITLE 74: PUBLIC FINANCE
CHAPTER V: TREASURER
PART 760 UNIFORM DISPOSITION OF UNCLAIMED PROPERTY ACT
SECTION 760.70 DISCONTINUANCE OF INTEREST OR DIVIDENDS


 

Section 760.70  Discontinuance of Interest or Dividends

 

The holder shall cite, in its remittance report, the legal authority for discontinuing interest or dividend payments on property during the period of its inactivity.  If such payments would not have been discontinued had the property been claimed by the owner prior to being reported or remitted to the State Treasurer, such discontinuance is prohibited.