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Title 37 Part 384 → §384.8

Title 37 → Chapter III → Subchapter E → Part 384 → §384.8

Electronic Code of Federal Regulations e-CFR

Title 37 Part 384 → §384.8

e-CFR data is current as of February 24, 2020

Title 37Chapter IIISubchapter EPart 384 → §384.8


Title 37: Patents, Trademarks, and Copyrights
PART 384—RATES AND TERMS FOR THE MAKING OF EPHEMERAL RECORDINGS BY BUSINESS ESTABLISHMENT SERVICES


§384.8   Unclaimed funds.

If the Collective is unable to identify or locate a Copyright Owner who is entitled to receive a royalty distribution under this part, the Collective shall retain the required payment in a segregated trust account for a period of 3 years from the date of distribution. No claim to such distribution shall be valid after the expiration of the 3-year period. After expiration of this period, the Collective may apply the unclaimed funds to offset any costs deductible under 17 U.S.C. 114(g)(3). The foregoing shall apply notwithstanding the common law or statutes of any State.

[78 FR 66278, Nov. 5, 2013]