BILL · 2005–06 SESSION

HB 1845: Unclaimed property

Modifying unclaimed property provisions.

Summary

  • Modifies certain requirements regarding notification of apparent owners of unclaimed property.
  • Allows the Department of Revenue to liquidate unclaimed mutual fund holdings.
  • Revises the heir locator fee restrictions to allow for fees of up to 20 percent of the value of the unclaimed property after a set time period.
  • Authorizes the Department to contract with licensed private investigators to provide them with additional information of apparent owners of unclaimed property.

From the House Bill Analysis (HB 1845), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 8, 2005
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Ed Orcutt (R-18)
Introduced
February 8, 2005 in the House
Last action
January 9, 2006
Requested by
State agency
Budget
Has a fiscal note

AN ACT Relating to unclaimed property;

Sponsors

Prime sponsor: Ed Orcutt (R-18)

1 co-sponsor (1 Democrat, 0 Republicans)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Finance.

HB 1845 in other sessions

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

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