HB 1693 - This act modifies the law relating to unclaimed property. United States savings bonds shall be deemed abandoned when they have remained unclaimed for more than 3 years after their date of maturity and shall escheat to the state 3 years after abandonment. At least 180 days after the bonds escheat to the state, the Treasurer shall bring a civil action to confirm that the bonds shall escheat to the state.
The Treasurer shall retain records of the names associated with such bonds that shall be made available for public inspection.
This act contains an emergency clause.
This act contains provisions identical to those in SS/HCS/HB 1075 (2014).
CHRIS HOGERTY