An Act relative to unclaimed property
This bill (HD 833) simplifies the process for individuals to claim small unclaimed property held by a terminated corporation. It directly affects people or beneficiaries seeking property valued at $2,000 or less that was surrendered to the state treasurer. The key provision waives fees required to revive a terminated corporation specifically for collecting this small-value property. The state treasurer certifies the corporation's revival, and the state secretary must then waive the revival fee. This change removes a financial barrier for claimants seeking modest unclaimed assets.
Bill status
passed
3 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Feb 2025
Senate Passage
Feb 2025
Governor
Introduced Feb 27, 2025
Last action Mar 12, 2026
Floor votes
How they voted
This bill passed the Senate. No roll call record of that vote is available.
Full legislative history
Actions timeline
Total actions
7
Key actions
1
Committee
1
Feb 27, 2025
Upper · Passed
Senate concurred
upper
Feb 27, 2025
Committee
Referred to the committee on Financial Services
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Steve Ultrino
DDemocratic
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