BILL · 1995–96 SESSION

HB 2589: Unclaimed property

Regulating unclaimed property procedures.

Summary

  • Stocks and bonds are considered unclaimed if the dividends are unclaimed for five years, rather than seven. A mutual fund with automatic reinvestment of dividends is considered unclaimed five years after the location of the owner becomes unknown to the fund administrators.

From the Senate Bill Report (HB 2589), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 45, Laws of 1996
  1. IntroducedJan 15, 1996
  2. Out of committee
  3. Passed HouseFeb 8, 1996
  4. Passed SenateFeb 28, 1996
  5. Governor
  6. LawMar 13, 1996
Prime sponsor
Brian Thomas (R-5)
Introduced
January 15, 1996 in the House
Last action
March 13, 1996
Session law
Chapter 45, Laws of 1996
Requested by
State agency
Budget
Has a fiscal note

Sponsors

Prime sponsor: Brian Thomas (R-5)

2 co-sponsors (1 Democrat, 1 Republican)

Votes

House · Final Passage

February 8, 1996
Version voted on: HB 2589
97 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat35001
Republican62000
How each member voted

Yea (97)

Excused (1)

Senate · Final Passage

February 28, 1996
Version voted on: HB 2589
46 Yea 0 Nay 1 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat24001
Republican22011
How each member voted

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

HB 2589 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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