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House Bill 1083


House Bill 1083

ARCHIVE (2010)

Latest Information

 

DIGEST OF HB1083 (Updated February 25, 2010 11:06 am - DI 84)


Unclaimed property. Reduces from five years to three years the period after which the following property is considered abandoned for purposes of the state's unclaimed property act: (1) A demand, savings, or matured time deposit. (2) Property payable as a result of a demutualization, rehabilitation, or related reorganization of a mutual insurance company. (3) All other property not otherwise specified under the act. Makes a technical amendment to one provision of the unclaimed property act to reflect another provision of the unclaimed property act that specifies that the act does not apply to: (1) a business to business credit memorandum; or (2) gift certificates.
Current Status:
 Law Enacted
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