An Act To Amend The Maine Revised Unclaimed Property Act

Summary

The bill expands Maine's Unclaimed Property Act to cover virtual currency, payroll cards, non‑activated stored‑value media, and terminated retirement plan funds. It sets specific time frames—ranging from one to five years—after which these assets are presumed abandoned and may be turned over to the state. The changes aim to modernize the law for digital assets and clarify when owners lose claim to them.

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