Abandoned or Unclaimed Property definition

Abandoned or Unclaimed Property means property against which a full period of dormancy has run, pursuant to the Abandoned or Unclaimed Property Law.
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Abandoned or Unclaimed Property means any property which is presumed abandoned under the Act.
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Abandoned or Unclaimed Property means any property which is Presumed Abandoned under Sections 35­12­20 through and including 35­12­50, Code of Ala. 1975, as amended.
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Examples of Abandoned or Unclaimed Property in a sentence

  • The HOLDER also represents that the payment and delivery of the Payable Property is made in good faith compliance with the Abandoned or Unclaimed Property Law, including but not limited to § 1153 of the Abandoned or Unclaimed Property Law.

  • To encourage compliance and to enforce the State's Abandoned or Unclaimed Property Law, Title 12, Chapter 11 of the Delaware Code (the "Abandoned or Unclaimed Property Law"), DOF recognizes the need to conduct examinations.

  • Formal initiation of the process is commenced by an eligible Holder submitting a completed and signed Form VDA-1, Disclosure and Notice of Intent to Voluntarily Comply with Abandoned or Unclaimed Property Law, to the following address: Secretary of State of the State of Delawarec/o Delaware Voluntary Disclosure Administrator 222 Delaware AvenueSuite 1410Wilmington, Delaware 19801-1621 Or via E-mail to : VDAAdministratorSOS@delawarevda.com.

  • The STATE will maintain the confidentiality of information voluntarily disclosed and shall only disclose such information as provided in § 1189 of the Abandoned or Unclaimed Property Law, or as otherwise required by law.

  • This includes, but is not limited to, any determination by the HOLDER that a particular item, kind, or type of property is not abandoned or unclaimed property under the Abandoned or Unclaimed Property Law where such determination results in a reduction in the amount of property reported, by the HOLDER to the STATE, or the omission of a particular kind or type of property from disclosure, by the Holder to the STATE.

  • During the second quarter of 2022, the Company received a letter from the Delaware Secretary of State inviting the Company to participate in the Delaware Secretary of State's Abandoned or Unclaimed Property Voluntary Disclosure Agreement Program to avoid being sent an audit notice by the Delaware Department of Finance.

  • In other words, the STATE waives its right to audit the HOLDER, pursuant to the Abandoned or Unclaimed Property Law, concerning the categories of Payable Property that became Abandoned or Unclaimed Property for the Agreement Look-Back Period and all preceding years.

  • Upon payment of the Payable Property, the STATE agrees to indemnify the HOLDER pursuant to the terms of § 1153 of the Abandoned or Unclaimed Property Law.

  • Except in circumstances where there is evidence of fraud or willful misrepresentation by the HOLDER or those acting on the HOLDER’s behalf or non-compliance with annual reporting requirements in the Abandoned or Unclaimed Property Law and described in paragraph no.

  • In this Agreement, “good faith” requires, inter alia, that in presenting the final HOLDER’s report of Abandoned or Unclaimed Property liability to the STATE, the HOLDER disclose to the STATE all determinations related to the Abandoned or Unclaimed Property Law made by the HOLDER in connection with this Agreement.

Related to Abandoned or Unclaimed Property

  • Unclaimed Property means any funds or other property to be distributed to Creditors pursuant to the Plan and the Creditors’ Trust Agreements which, after an attempted distribution, has not been received by the rightful Creditor. Unclaimed property shall include checks and any other property that have been returned as undeliverable without a proper forwarding address, or which were not mailed or delivered because of the absence of a proper address to which to mail or deliver such property.

  • Abandoned property means personal property left by an owner who intentionally

  • Abandoned well means a well whose use has been permanently discontinued or which is in a state of disrepair such that it cannot be used for its intended purpose or for observation purposes.

  • Abandoned vehicle means any of the following:

  • Abandoned means left without provision for reasonable and necessary care or supervision.

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  • Transferred Property shall have the meaning specified in Section 2.1(a) hereof.

  • Unclaimed Distribution means any distribution under the Plan on account of an Allowed Claim or Allowed Interest to a holder that has not: (a) accepted a particular distribution or, in the case of distributions made by check, negotiated such check; (b) given notice to the Reorganized Debtors of an intent to accept a particular distribution; (c) responded to the Debtors’ or Reorganized Debtors’ requests for information necessary to facilitate a particular distribution; or (d) taken any other action necessary to facilitate such distribution.

  • Specified Property means property for which an election has been made for a special elective benefit.

  • Impaired property means tangible property, other than "your product" or "your work", that cannot be used or is less useful because:

  • Abandoned sign means a sign located on property which becomes vacant and unoccupied for a period of ninety (90) days or more, or any sign which pertains to a time, event or purpose which no longer applies;

  • Acquired Property shall have the meaning set forth in Section 5.1.10(h)(i) hereof.

  • Abandoned infant means a child who has been abandoned before reaching the age of one year.

  • Property means any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible.

  • Surplus property means excess personal property not required by any Federal agency as determined by the Administrator of the General Services Administration (GSA).

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Assisted cleaning or washing of tangible personal property means cleaning or washing of tangible personal property if the cleaning or washing labor is primarily performed by an individual:

  • Property Loss Event means any loss of or damage to property of Group or any Subsidiary thereof that results in the receipt by such Person of proceeds of insurance in excess of $2,000,000 or any taking of property of Group or any Subsidiary thereof that results in the receipt by such Person of a compensation payment in respect thereof in excess of $2,000,000.

  • After-Acquired Property means any property (other than Collateral or Excluded Property) that is acquired or otherwise owned by the Company or any Subsidiary after the Issue Date of a type that secures the Secured Obligations.

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • Affected Property means all real property at the Site and any other real property where EPA determines, at any time, that access or, land, water, or other resource use restrictions, and/or Institutional Controls are needed to implement the removal action, including, but not limited to, the following properties [insert property descriptions].

  • Contractor-acquired property means property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the Government has title.

  • Covered Property is the address stated on your Agreement Coverage Summary Page. • “Domestic-grade” Items are those that were designated by the manufacturer, manufactured and marketed solely for installation and use in a residential single family dwelling.

  • Tangible Property means any furniture, fixtures, leasehold improvements, vehicles, office equipment, computer equipment, other equipment, machinery, tools, forms, supplies or other tangible personal property of any nature.

  • Blighted property means property that meets any of the following criteria:

  • Public Property means any and all property owned by the City or held in the name of the City by any of the departments, commissions or agencies within the City government.