# Mass. Gen. Laws ch. 200A, sec. 3: Property on deposit; presumption of abandonment > Massachusetts · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S3 ## Section - **Citation:** Mass. Gen. Laws ch. 200A, sec. 3 - **Heading:** Property on deposit; presumption of abandonment - **Jurisdiction:** Massachusetts - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** MA Code / Part II / Title II / Chapter 200A / Section 3 ## Text Section 3. Any deposit of property with a person having a residence or place of business in the commonwealth, or authorized to do business therein, together with the increments thereon, shall be presumed abandoned unless the owner has, within three years next preceding the date as of which reports are required by section seven:— (1) Communicated in writing with the person concerning the deposit; or (2) Been credited with interest on a passbook or certificate of deposit at his request; or (3) Had a transfer, disposition of interest or other transaction noted of record in the books or records of the person; or (4) Increased or decreased the amount of deposit; or (5) Owned other property for which clause (1), (2), (3) or (4) is applicable; provided, however, that the holder communicates in writing with the owner with regard to such property that would otherwise be presumed abandoned under this section at the address at which communications regarding such other property regularly are received; or (6) Had another relationship with the holder concerning which the owner has: (i) communicated in writing with the holder, or (ii) otherwise indicated an interest as evidenced by a memorandum on file prepared by an employee of the holder; provided, however, that if the holder communicates in writing with the owner with regard to the property that would otherwise be presumed abandoned under this section at the address at which communications regarding the other relationship regularly are received. Section 3. Any deposit of property with a person having a residence or place of business in the commonwealth, or authorized to do business therein, together with the increments thereon, shall be presumed abandoned unless the owner has, within three years next preceding the date as of which reports are required by section seven:— (1) Communicated in writing with the person concerning the deposit; or (2) Been credited with interest on a passbook or certificate of deposit at his request; or (3) Had a transfer, disposition of interest or other transaction noted of record in the books or records of the person; or (4) Increased or decreased the amount of deposit; or (5) Owned other property for which clause (1), (2), (3) or (4) is applicable; provided, however, that the holder communicates in writing with the owner with regard to such property that would otherwise be presumed abandoned under this section at the address at which communications regarding such other property regularly are received; or (6) Had another relationship with the holder concerning which the owner has: (i) communicated in writing with the holder, or (ii) otherwise indicated an interest as evidenced by a memorandum on file prepared by an employee of the holder; provided, however, that if the holder communicates in writing with the owner with regard to the property that would otherwise be presumed abandoned under this section at the address at which communications regarding the other relationship regularly are received. ## Nearby sections - [Mass. Gen. Laws ch. 200A, sec. 1 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S1.md) - [Mass. Gen. Laws ch. 200A, sec. 1A Intangible personal property; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S1A.md) - [Mass. Gen. Laws ch. 200A, sec. 2 Property; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S2.md) - [Mass. Gen. Laws ch. 200A, sec. 3 Property on deposit; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S3.md) - [Mass. Gen. Laws ch. 200A, sec. 3A Automatically renewable abandonment periods](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S3A.md) - [Mass. Gen. Laws ch. 200A, sec. 4 Property deposited as security; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S4.md) - [Mass. Gen. Laws ch. 200A, sec. 5 Dividends, stock, bonds, etc.; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S5.md) - [Mass. Gen. Laws ch. 200A, sec. 5A Insurance proceeds; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S5A.md) - [Mass. Gen. Laws ch. 200A, sec. 5B Dividends, etc. of business associations; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S5B.md) - [Mass. Gen. Laws ch. 200A, sec. 5C Employee benefit trust distributions; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S5C.md) - [Mass. Gen. Laws ch. 200A, sec. 5D Gift certificates; validity; expiration; redemption](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S5D.md) - [Mass. Gen. Laws ch. 200A, sec. 6 Money paid into court; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S6.md) - [Mass. Gen. Laws ch. 200A, sec. 6A Property distributable upon dissolution or liquidation; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S6A.md) - [Mass. Gen. Laws ch. 200A, sec. 6B Traveler's checks and other written instruments; presumption of abandonment](https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S6B.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MA_PII_TII_C200A_S3. Check the current official text before relying on it. Not legal advice.