Aligning Uniform Unclaimed Property Act with modern practices

Summary

The bill rewrites the state’s Uniform Unclaimed Property Act to treat digital financial assets as intangible property and adds new definitions for modern electronic holdings. It applies to the state treasurer, banks, credit unions, insurers and any holder of unclaimed property, ensuring that owners of crypto and similar assets can be tracked and returned. The change modernizes the law without creating new fees or programs.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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