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.
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
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1
END OF INQUIRY
Full Text Bill Status