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

Summary

The law revises definitions and reporting requirements for unclaimed property, adds new notice, interest, and payment thresholds, and limits fees for property‑locating agreements. It also changes how the Second Injury Fund calculates average weekly wages and pays benefits. The changes affect banks, insurers, other holders of abandoned assets, workers’‑comp claimants, and the state treasurer’s office.

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