WV SB454 | 2024 | Regular Session
Status
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on January 15 2024 - 25% progression
Action: 2024-01-15 - To Banking and Insurance
Pending: Senate Banking and Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 15 2024 - 25% progression
Action: 2024-01-15 - To Banking and Insurance
Pending: Senate Banking and Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
The purpose of this bill is to clarify the duty of banks to retain and procure records and to modify the statute of limitations for actions to enforce a demand to be uniform with the timeframe for property abandonment. This bill also provides a presumption of payment by the bank absent evidence of owner consent to renewal or escheatment to the state.
Title
Modifying duties of banks to retain records
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-15 | Senate | To Banking and Insurance |
| 2024-01-15 | Senate | Introduced in Senate |
| 2024-01-15 | Senate | To Banking and Insurance |
| 2024-01-15 | Senate | Filed for introduction |
Same As/Similar To
HB4837 (Similar To) 2024-04-22 - Chapter 44, Acts, Regular Session, 2024
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 31A | 4 | 35 | Amended Code | Citation Text |
| 36 | 8 | 2 | Amended Code | Citation Text |
| 46 | 3 | 118 | Amended Code | Citation Text |
