Change provisions relating to the Uniform Disposition of Unclaimed Property Act
What changed between versions
Changed notice publication frequency from 'once annually' to 'annually' to ensure regular publication of notice to property owners.
Reorganized notice content requirements to clearly specify what information must be included in published notices about abandoned property.
Updated mailed notice requirements to include more specific information about property holders and claim procedures.
Updated record-keeping requirements to include specific details about life insurance policies and terminated demutualization trust funds.
Clarified that funds from unclaimed property sales and life insurance proceeds must be deposited into the Unclaimed Property Trust Fund for prompt payment of claims.
Maintained the $50 minimum threshold for publishing notice items unless deemed in the public interest.
Kept the 120-day deadline for mailing notices to property owners after receiving reports.