Unclaimed Property and Lost Shareholders. The Transfer Agent shall report unclaimed property to each state in compliance with state law. The Transfer Agent shall direct filing of abandoned property by: (a) Processing and mailing due diligence notices to all qualifying Shareholder accounts in accordance with Computershare’s schedule of States’ due diligence and abandoned property filing requirements, also known as the “State Filing Matrix”; (b) Processing returned due diligence notices and remitting property to Shareholders prior to escheatment; (c) Preparing and filing preliminary and final abandoned property reports; (d) Preparing and filing payments for each State covering unclaimed funds as per a particular State’s requirements; (e) Issuing and filing book entry shares registered to the applicable State(s) representing returned (RPO) certificates and underlying share certificates; and (f) Retaining, or returning to the Customer upon the termination of the Agreement, as required by law or otherwise, records of property escheated to the several States and responding, after appropriate research, to Shareholder, Customer or state or federal regulator inquiries relating to same.
Appears in 18 contracts
Sources: Transfer Agency and Service Agreement (Blackrock Muniassets Fund, Inc.), Transfer Agency and Service Agreement, Transfer Agency and Service Agreement (Blackrock Credit Allocation Income Trust)