HRS §523A-28
Transition rules for the 2009 law
This section explains how the 2009 law applies to older abandoned property. If you are reporting for the first time, you must include property from the ten years before 2009. You still owe any duties from before 2009, and old penalties still apply if you failed to comply then.
businesses
The statute, as written — Transitional provisions
(a) An initial report filed under this part for property that was not required to be reported before July 1, 2009 but which is subject to this part shall include all items of property that would have been presumed abandoned during the ten-year period next preceding July 1, 2009 as if this part had been in effect during that period. (b) This part does not relieve a holder of a duty that arose before July 1, 2009 to report, pay, or deliver property. Except as otherwise provided in section 523A-19(b), a holder who did not comply with the law in effect before July 1, 2009 shall be subject to the applicable provisions for enforcement and penalties which then existed, which are continued in effect for the purpose of this section.
Sections this one refers to
§523A-19 Time limits do not stop abandoned property rules
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