Section 386:27 Relief on Voluntary Petition. - New Hampshire Statutes

Upon voluntary petition by any financial organization, as defined in RSA 471-C, desiring, for any reason, to pay one or more deposits and unable to locate the owners thereof, the superior court may, upon notice to the bank commissioner and the attorney general, and upon the filing of one or more affidavits that diligent effort has been made to locate the owners, decree that such deposits have been presumably abandoned. Such financial organization shall forthwith report such deposits to the state treasurer following the procedure provided in RSA 471-C:19 but on an annual basis (rather than less frequently); and such deposits shall thereafter become subject to those provisions of RSA 471-C which apply to property reported to the state treasurer as presumably abandoned.

Source. 1941, 17:1. RL 309:28. RSA 386:27. 1965, 214:6. 1988, 256:6, eff. June 29, 1988.