House Sponsors: DEUCHLER. Senate Sponsors: O'MALLEY Short description: UNCLAIMD PROPRTY ACT-APLICBLTY Synopsis of Bill as introduced: Amends the Uniform Disposition of Unclaimed Property Act. Re- moves references limiting the applicability of the Act to activity in this State. Provides for the inapplicability of a number of provisions for any examination commenced by the Department of Financial Institu- tions after January 1, 1998. Makes other changes. Effective immediate- ly. HOUSE AMENDMENT NO. 1. Provides that the amendatory language in the bill as introduced which, in most cases, renders inapplicable as of January 1, 1998 a requirement that holders of records of presumptively abandoned property retain the records until they are delivered to the Director of Financial Institutions shall apply only to property held by a trust division or trust department or by a trust company, or certain affiliates of any of these. FISCAL NOTE, AMENDED (Dpt. Financial Institutions) There would be no fiscal impact on the Department. Last action on Bill: PUBLIC ACT.............................. 90-0167 Last action date: 97-07-23 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status