Aligning Uniform Unclaimed Property Act with modern practices

SB 1069 updates West Virginia's Unclaimed Property Act to include digital financial assets like cryptocurrency under the law. The bill defines "digital financial asset" (including virtual currency) as intangible property, requiring holders (such as banks and businesses) to follow the same procedures for unclaimed digital assets as they do for traditional property. It adds new sections to clarify administrative processes while preserving flexibility for the State Treasurer, who manages unclaimed property. This change ensures the law aligns with modern financial practices without altering core requirements for property holders.