Bill Text: IN HB1090 | 2018 | Regular Session | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Unclaimed property. Provides, for purposes of the unclaimed property act, that a time deposit that is automatically renewable is considered matured upon the expiration of its initial period, unless: (1) the owner has consented to a renewal at the time of the account opening or at about the time of the renewal; and (2) the consent is in writing or is evidenced by the original account agreement or by any memorandum or other record on file with the holder of the account. (Current law does not specify that the owner's consent to renewal can occur at the time of the
Spectrum: Bipartisan Bill
Status: (Engrossed - Dead) 2018-02-01 - First reading: referred to Committee on Insurance and Financial Institutions [HB1090 Detail]
Download: Indiana-2018-HB1090-Introduced.pdf
Bill Title: Unclaimed property. Provides, for purposes of the unclaimed property act, that a time deposit that is automatically renewable is considered matured upon the expiration of its initial period, unless: (1) the owner has consented to a renewal at the time of the account opening or at about the time of the renewal; and (2) the consent is in writing or is evidenced by the original account agreement or by any memorandum or other record on file with the holder of the account. (Current law does not specify that the owner's consent to renewal can occur at the time of the
Spectrum: Bipartisan Bill
Status: (Engrossed - Dead) 2018-02-01 - First reading: referred to Committee on Insurance and Financial Institutions [HB1090 Detail]
Download: Indiana-2018-HB1090-Introduced.pdf
