1. 1. Custody declined The administrator may decline to take custody of property reported under section 2091 if the administrator determines that:

   1. A. The property has a value less than the estimated expenses of notice and sale of the property; or

      [PL 2019, c. 498, §22 (NEW).]

   2. B. Taking custody of the property would be unlawful.

      [PL 2019, c. 498, §22 (NEW).]

   [PL 2019, c. 498, §22 (NEW).]

2. 2. Before presumed abandoned A holder may pay or deliver property to the administrator before the property is presumed abandoned under this Act if the holder:

   1. A. Provides the apparent owner of the property notice required by section 2101 and provides the administrator evidence of the holder's compliance with this paragraph;

      [PL 2019, c. 498, §22 (NEW).]

   2. B. Includes with the payment or delivery a report regarding the property conforming to section 2092; and

      [PL 2019, c. 498, §22 (NEW).]

   3. C. First obtains the administrator's consent in a record to accept payment or delivery. The holder's request must be in writing.

      [PL 2019, c. 498, §22 (NEW).]

   [PL 2019, c. 498, §22 (NEW).]

3. 3. Presumed abandoned On payment or delivery of property under subsection 2, the property is presumed abandoned.

   [PL 2019, c. 498, §22 (NEW).]

PL 2019, c. 498, §22 (NEW).