§ 1301.8. Property held by agents-in-fact and fiduciaries
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: September 12, 2016
Effective: September 12, 2016
72 P.S. § 1301.8
§ 1301.8. Property held by agents-in-fact and fiduciaries
2. An individual retirement account, a retirement plan for self-employed individuals or similar account or a retirement plan created pursuant to Federal law or the laws of this Commonwealth, three (3) years after the holder has lost contact with the owner, unless the owner has, within that three (3) year period:
(c) If the owner does not receive communications from the holder by United States mail, the holder shall attempt to confirm the owner's interest in the property by sending the owner an electronic mail communication not later than two (2) years after the owner's last indication of interest in the property. If the holder receives notification that the electronic mail communication was not received or if the owner does not respond to the electronic mail communication within thirty (30) days after the communication was sent, the holder shall promptly attempt to contact the owner by first class United States mail. If the mail is returned to the holder undelivered by the United States Postal Service, the holder shall be deemed to have lost contact with the owner on the date of the owner's last indication of interest in the property.
Credits
1929, April 9, P.L. 343, No. 176, art. XIII.1, § 1301.8, added 1982, Dec. 9, P.L. 1057, No. 248, § 5, retroactive effective Jan. 1, 1982. Amended 2002, June 29, P.L. 614, No. 91, § 6, effective July 1, 2002; 2014, July 10, P.L. 1053, No. 126, § 6, imd. effective; 2016, July 13, P.L. 664, No. 85, § 4, effective in 60 days [Sept. 12, 2016].
72 P.S. § 1301.8, PA ST 72 P.S. § 1301.8
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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