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Office of the Revisor of Statutes

SF 1360 Senate Long Description

3E Regulating unclaimed property held by cooperatives; eliminating the requirement to file certain information with the department of commerce upon election to distribute unclaimed property; requiring notice to property owners before extinguishment of the rights of the owner to property held for more than a certain number of years; authorizing the commissioner of commerce to decide the manner and frequency of public notice of abandoned property, specifying a minimum expenditure requirement; modifying the period of limitation; providing for the transfer of abandoned tangible personal property, specifying certain notice requirements; repealing certain abandoned property lists published and mailed notice requirements
(ja)