DIGEST OF SB 222 (Updated March 25, 2013 5:20 pm - DI 84)

Unclaimed property. Provides that certain property left unclaimed in a safe deposit box for three years is presumed abandoned. Permits electronic submission of certain documents in connection with unclaimed property, and permits the attorney general to determine the manner in which payment or delivery of certain property is made. Authorizes the attorney general to deduct certain expenses from proceeds of property paid to the owner.