92nd General Assembly
Summary of HB0207
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Short description: 
UNCLAIMED PROP-MONEY ORDERS                                                

Synopsis of Bill as introduced:
        Amends  the  Uniform  Disposition  of  Unclaimed  Property   Act.      
   Provides  that  any  sum  payable  on  a  money  order  that  has been      
   outstanding for more than 7 (instead of 5) years from the date of  its      
   issuance is presumed abandoned, unless the owner has within 7 (instead      
   of  5)  years  corresponded  with  or  indicated  an  interest  to the      
   appropriate banking or financial organization or business association.      
   Effective immediately.                                                      
          FISCAL NOTE (Economic and Fiscal Commission)                         
          HB 207 would not affect the fiscal operations of the Economic        
          and Fiscal Commission. It could impact unclaimed property;           
          however, the amount would be minimal.                                
        SENATE AMENDMENT NO. 1.                                                
        Changes the effective date to January 1, 2004.                         
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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