Introduced
by
To consider property payable or distributable in conjunction with the demutualization of an insurance company to have been abandoned after a two-year escheat period. "Demutualization" means the payment to members for the relinquishment of their membership interest in a mutual insurance company. The bill would allow the state to acquire some $15 million unclaimed property immediately, and is part of a plan to avoid cutting state spending.
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the substitute (S-2) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the Senate 38 to 0 (details)
Referred to the Committee on Appropriations
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 95 to 11 (details)
To consider property payable or distributable in conjunction with the demutualization of an insurance company to have been abandoned after a two-year escheat period. "Demutualization" means the payment to members for the relinquishment of their membership interest in a mutual insurance company. The bill would allow the state to acquire some $15 million unclaimed property immediately, and is part of a plan to avoid cutting state spending.
