HB 3755

Abstract

Amends the Uniform Disposition of Unclaimed Property Act. Provides that the State Treasurer is not required to publish notice for reportable property if the entity identified as the owner is a federal, State, or local government or governmental subdivision, agency, entity, officer, or appointee thereof, or any successor entity provided by statute. Requires the State Treasurer to directly transfer reportable property to the identified owner unless the identified owner has been renamed, merged with another entity or officer, or abolished, in which case the State Treasurer shall contact the successor entity or officer to confirm ownership and make arrangements for the transfer. Effective immediately.