2004 Senate Bill 1013 ↩

House Roll Call 182: Passed

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.