AN ACT IMPLEMENTING THE TREASURER'S RECOMMENDATIONS FOR REVISIONS TO THE UNCLAIMED PROPERTY PROGRAM AND SECOND INJURY FUND.

Summary

It revises key definitions and procedures for handling unclaimed assets, including when insurance‑company funds are considered abandoned, and makes changes to the Second Injury Fund. The changes affect banks, credit unions, insurers, other financial organizations and anyone who may have unclaimed property, aiming to clarify ownership and improve fund administration.

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