[Code of Federal Regulations]
[Title 37, Volume 1]
[Revised as of July 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 37CFR261.8]

[Page 660]
 
              TITLE 37--PATENTS, TRADEMARKS, AND COPYRIGHTS
 
                                CONGRESS
 
PART 261_RATES AND TERMS FOR ELIGIBLE NONSUBSCRIPTION TRANSMISSIONS AND THE MAKING OF EPHEMERAL REPRODUCTIONS--Table of Contents
 
Sec. 261.8  Unclaimed funds.

    If a Designated Agent is unable to identify or locate a Copyright 
Owner or Performer who is entitled to receive a royalty payment under 
this part, the Designated Agent shall retain the required payment in a 
segregated trust account for a period of three (3) years from the date 
of payment. No claim to such payment shall be valid after the expiration 
of the three (3) year period. After the expiration of this period, the 
unclaimed funds of the Designated Agent may first be applied to the 
costs directly attributable to the administration of the royalty 
payments due such unidentified Copyright Owners and Performers and shall 
thereafter be allocated on a pro rata basis among the Designated 
Agents(s) to be used to offset such Designated Agent(s) other costs of 
collection and distribution of the royalty fees.