File Code: Commercial Law - Consumer Protection
- Sponsored By:
-
Senator Kasemeyer
- Entitled:
-
Abandoned Property - Presumption of Abandonment
Altering from 5 years to 10 years the amount of time that must pass
before the contents of specified bank accounts, checks, insurance
funds, funds held by a utility, securities, specified types of
intangible personal property, and unclaimed wages are presumed to be
abandoned; and altering the number of dividends, distributions, and
other sums that must be offered to be paid to owners of certain
securities before the securities may be considered abandoned.
Senate Action
- 1/10
- First Reading Judicial Proceedings
- 1/17
- Hearing 1/25 at 1:00 p.m.
House Action
- No Action
- Bill indexed under the following Subjects:
- ABANDONED PROPERTY
- FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO, CREDIT U
- SECURITIES
- Bill affects the following Statutes:
- Commercial Law
- (
17-301 ,
17-302 ,
17-302 ,
17-303 ,
17-304 ,
17-306 ,
17-307 ,
17-308
)
- Bill Text:
- First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
Amendments:
None available