9024

Any monies and other liquid assets held by the Association that have not been claimed during the previous seven (7) years, after being notified through public notice in a newspaper of general circulation, shall be carried over to a capital stock reserve of the Association and/or its venture capital fund, at the option of the Association. Such capital stock reserve, as well as the determination, allocation, and use of such liquid assets shall be provided through regulations approved by the Assembly of Delegates. Said reserve shall not be subject to the provisions of §§ 2101 et seq. of Title 7, known as the 'Abandoned or Unclaimed Money and Other Liquid Assets Act'. A separate account shall be created to keep the accounting of the funds deposited annually in this reserve.\nHistory —Apr. 25, 2013, No. 9, § 25.