WV SB263 | 2014 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 8 2014 - 25% progression, died in committee
Action: 2014-02-11 - To Government Organization
Pending: Senate Government Organization Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 8 2014 - 25% progression, died in committee
Action: 2014-02-11 - To Government Organization
Pending: Senate Government Organization Committee
Text: Latest bill text (Introduced) [HTML]
Summary
The purpose of this bill is to clarify there must be five years of continuous inactivity of a noninterest bearing demand, savings or time deposit before it may be presumed to be abandoned for unclaimed property purposes. The bill clarifies there must be seven years of continuous inactivity of an interest bearing demand, savings or time deposit before it may be presumed to be abandoned for unclaimed property purposes.
Title
Clarifying continuous inactivity of demand, savings or time deposits under Uniform Unclaimed Property Act
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2014-02-11 | Senate | To Government Organization |
| 2014-02-11 | Senate | Reported do pass, but first to Government Organization |
| 2014-01-08 | Senate | To Banking and Insurance |
| 2014-01-08 | Senate | Introduced in Senate |
| 2014-01-08 | Senate | To Banking and Insurance then Government Organization |
| 2014-01-08 | Senate | Filed for introduction |
Same As/Similar To
HB4247 (Similar To) 2014-01-21 - To House Small Business, Entrepreneurship and Economic Development
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 31A | 4 | 35 | Amended Code | Citation Text |
| 36 | 8 | 2 | Amended Code | Citation Text |
