BILL · 2011–12 SESSION
SB 5994: Unclaimed securities
Concerning the selling of unclaimed securities.
Summary
- All securities delivered to DOR must be sold as soon as practicable, in the judgment of DOR. This requirement does not apply to any securities that are unsaleable, worthless, or not cost-effective to sell. Any person making a claim for a security turned over to DOR is entitled to receive the net proceeds if the security has been ordered sold.
From the Senate Bill Report (SB 5994), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · stalled on the Senate floor
- IntroducedDec 12, 2011
- Out of committeeDec 14, 2011
- Passed Senatestopped here
- Passed House
- Governor
- Law
- Prime sponsor
- Ed Murray (D-43)
- Introduced
- December 12, 2011 in the Senate
- Last action
- April 11, 2012
- Budget
- Has a fiscal note
AN ACT Relating to the selling of unclaimed securities;
Sponsors
Prime sponsor: Ed Murray (D-43)
3 co-sponsors (1 Democrat, 2 Republicans)
Votes
No recorded floor votes.
History
- By resolution, reintroduced and retained in present status.
- By resolution, reintroduced and retained in present status.
- Senate Rules "X" file.
- By resolution, reintroduced and retained in present status.
- Minority; without recommendation.
- Minority; do not pass.
- WM - Majority; do pass.
- Passed to Rules Committee for second reading.
- First reading, referred to Ways & Means.
SB 5994 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5994 (2025–26) Timber tax distributions
- SB 5994 (2023–24) Antitrust penalties
- SB 5994 (2019–20) Business and occupation tax
- SB 5994 (2017–18) Legislative session date
- SB 5994 (2015–16) State trans project permits
- SB 5994 (2013–14) School construction/tax exem
- SB 5994 (2009–10) Boards and commissions
- SB 5994 (2007–08) Primaries and elections