Mass. Gen. Laws » Part II Title II Chapter 200A

Mass. Gen. Laws ch. 200A, § 7

Report; form; contents

Find cases: SyfertCases citing this section MAmalegislature.gov (official) JustiaChapter on Justia CornellLII Search CasesGoogle Scholar

Section 7. (a) Every person holding property declared by this chapter to be presumed abandoned shall report to the treasurer as provided in this section.

(b) The report shall be on a form prescribed by the treasurer and shall include:—

(1) Except with respect to traveler's checks, registered checks and money orders, the name, if known, and last known address, if any, of each person appearing from the records of the holder to be the owner of any property of the value of one hundred dollars or more presumed abandoned under this chapter.

(2) In the case of presumed abandoned funds of life insurance companies, the full name of the insured or annuitant, and his last known address, according to the records of the life insurance company.

(3) The nature and identifying number, if any, or description of any intangible property and the amount appearing from the records to be due, except that items of value under one hundred dollars each shall be reported in aggregate.

(4) Except for any property reported in the aggregate, the date when the property became payable, demandable, or returnable, and the date of the last transaction with the owner with respect to the property.

(5) Other information which the treasurer prescribes by rule as necessary for the administration of this section.

(c) If the holder is a successor to other persons who previously held the property for the owner, or if the holder has changed his name while holding the property, he shall file with his report all prior known names and addresses of each holder of the property.

(d) The report shall be filed no later than November first of each year as of June thirtieth or the end of the fiscal year next preceding but the report of life insurance companies, and persons holding unclaimed proceeds from the demutualization or related reorganization of a life insurance company shall be filed before May first of each year as of December thirty-first next preceding.

(e) The report shall be made under penalty of perjury, and if made by an individual, by the individual; if made by a partnership, by a partner; if made by an unincorporated association or private corporation, by an officer; and, if made by a public corporation, by its chief fiscal officer.

Notes of Decisions
Cited in 9 cases, 1965–2020 · leading case: Locator Services Group, Ltd. v. Treasurer & Receiver General
Sort: Relevance Newest Treatment
Locator Services Group, Ltd. v. Treasurer & Receiver General (2005) mass · cites it 3× “200A], relating to abandoned property, and the treasurer shall, insofar as practicable, make such *841 reports and give such notice concerning the same as are required respectively by [G. L. c. 200A, §§ 7 and 8].” General Laws c.”
Treasurer & Receiver General v. John Hancock Mutual Life Insurance (1983) mass · cites it 5× “67, under G. L. c. 200A, § 7, for the years 1969 *412 through 1979, and under G.”
Barron v. Fidelity Magellan Fund (2003) massappct “3 In 1981, Fidelity deemed Sean’s UGMA account to be abandoned, and reported the account to the unclaimed property division of the Department of the State Treasurer pursuant to G. L. c. 200A, § 7, the abandoned property statute.”
Eldredge v. Board of Selectmen (1984) massappct · cites it 2× “200A, § 3, and the operation of the escheat procedures set forth in G. L. c. 200A, §§ 7, 8, and 8A. See note 3, supra.”
Massachusetts v. FDIC (1996) mad “G.L. c. 200A, § 7(A). Moreover, state and federal law conflict over the time frame in which a depositor may claim an abandoned deposit.”
Scott v. East Cambridge Savings Bank (1965) massdistctapp “; on July 1, 1955, this account was reported to the Commissioner in accordance with G. L. c. 200A, §7(a) and (b) as it then existed.”
In the Matter of Olchowski (2020) mass · cites it 4× “G. L. c. 200A, §§ 7, 8A. Sixty days before filing the report, the holder of the presumptively abandoned funds must send a notice to the apparent owner of the funds, at the last known address in the holder's records, informing the owner "of the process necessary to rebut the…”
Washington Mutual Bank, F.A. v. Macrae (2004) masssuperct “G.L.c. 200A, §7. Ultimately, if no owner can be found, the funds become the property of the Commonwealth of Massachusetts.”
Massachusetts v. Federal Deposit Insurance (1996) “Mass. Gen. L. ch. 200A, §§ 7, 7A. However, while different, these notice requirements do not actually conflict with each other.”
— Mass. Gen. Laws ch. 200A, § 7(A) — 1 case
Massachusetts v. FDIC (1996) mad “G.L. c. 200A, § 7(A). Moreover, state and federal law conflict over the time frame in which a depositor may claim an abandoned deposit.”
— Mass. Gen. Laws ch. 200A, § 7(a) — 1 case
Scott v. East Cambridge Savings Bank (1965) massdistctapp “; on July 1, 1955, this account was reported to the Commissioner in accordance with G. L. c. 200A, §7(a) and (b) as it then existed.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.