1. A. Except as otherwise provided in subsection B of this section, a person who is required to file a report under Section 661 of this title shall at the same time pay or deliver to the State Treasurer all abandoned property required to be reported after first deducting therefrom expenses incurred in the mailing of notices required by subsection E of Section 661 of this title and any offsets as provided by law. Any person who, pursuant to a statutory requirement, filed a bond or bonds pertaining to abandoned property with the State Treasurer may also deduct an amount equivalent to that part of the bond premium attributable to abandoned property. Any funds or property subject to aggregate reporting shall be delivered at the same time as the report.
2. B. Abandoned property that consists of any stock or other intangible ownership interest enrolled in a plan that provides for the automatic reinvestment of dividends, distributions, or other sums payable as a result of the interest, may be retained by the holder or paid or delivered to the State Treasurer at the option of the holder.
3. C. A holder may file a written explanation of an error in the presumption of abandonment of any previously reported and paid or delivered property. If the property has not been claimed by the owner and the State Treasurer is satisfied an error has been made, a refund of the payment or delivery of the property shall be made to the holder.
4. D. The holder of an ownership interest under Section 655 of this title shall deliver a duplicate certificate or other evidence of ownership if the holder does not issue certificates of ownership to the State Treasurer. Upon delivery of a duplicate certificate to the State Treasurer, the holder and any transfer agent, registrar, or other person acting for or on behalf of a holder in executing or delivering the duplicate certificate is relieved of liability as provided in Section 664 of this title to every person, including any person acquiring the original certificate or the duplicate of the certificate issued to the State Treasurer, for losses or damages resulting to any person by the issuance and delivery to the State Treasurer of the duplicate certificate.

Added by Laws 1967, HB 532, c. 107, § 13, emerg. eff. April 24, 1967; Amended by Laws 1991, HB 1538, c. 331, § 22, eff. September 1, 1991; Amended by Laws 1999, SB 659, c. 10, § 9, emerg. eff. July 1, 1999 (superseded document available); Amended by Laws 2003, HB 1580, c. 224, § 8, emerg. eff. July 1, 2003 (superseded document available).