Introduced
by
To revise the law governing unclaimed property, so as to reduce from seven to three years the period after which shares of stock are presumed to have been abandoned when their owner's location is unknown and the owner does not claim any dividends or other distributions. Also, to shorten the time after which stock enrolled in an automatic reinvestment plan may be considered abandoned.
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the substitute (S-1) 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 35 to 0 (details)
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the amendment be adopted and that the bill then pass.
Amendment offered
To require that the unclaimed property report be published in newspapers every six months, and not "twice each year" (which potentially be two days in a row).
The amendment passed by voice vote
Passed in the House 101 to 3 (details)
To revise the law governing unclaimed property, so as to reduce from seven to three years the period after which shares of stock are presumed to have been abandoned when their owner's location is unknown and the owner does not claim any dividends or other distributions. Also, to shorten the time after which stock enrolled in an automatic reinvestment plan may be considered abandoned.
To concur with the House-passed version of the bill.
Passed in the Senate 37 to 0 (details)
