Dormancy charge.

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  • (1) A holder may deduct a dormancy charge from property required to be paid or delivered to the administrator if:
    • (a) a valid contract between the holder and the apparent owner authorizes imposition of the charge for the apparent owner's failure to claim the property within a specified time; and
    • (b) the holder regularly imposes the charge and regularly does not reverse or otherwise cancel the charge.
  • (2) The amount of the deduction under Subsection (1) is limited to an amount that is not unconscionable considering all relevant factors, including:
    • (a) the marginal transactional costs incurred by the holder in maintaining the apparent owner's property; and
    • (b) any services received by the apparent owner.




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