[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: 37CFR384.8]

[Page 759]
 
              TITLE 37--PATENTS, TRADEMARKS, AND COPYRIGHTS
 
        CHAPTER III--COPYRIGHT ROYALTY BOARD, LIBRARY OF CONGRESS
 
PART 384_RATES AND TERMS FOR THE MAKING OF EPHEMERAL RECORDINGS BY BUSINESS ESTABLISHMENT SERVICES--Table of Contents
 
Sec. 384.8  Unclaimed funds.

    If a Collective is unable to identify or locate a Copyright Owner 
who is entitled to receive a royalty payment 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 payment. No claim to 
such payment shall be valid after the expiration of the 3-year period. 
After the 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.

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