Enact the Revised Uniform Unclaimed Property Act

Last updated: Jan 17, 2018

Details about this bill
Category: Miscellaneous
Status: Defeated
Sponsor: Senator Mark Dion , Senate 28 - Cumberland County
Session: 128
Bill #: LD 821

Position:

Closely monitoring.

UPDATE: In January 2018, the Judiciary Committee voted unanimously to kill the bill. The issue will resurface in 2019 after a stakeholder group meets during 2018 to review the proposal in detail.

 

This bill was carried over.

Testimony of Treasurer Terry Hayes

Redlined document of Treasurer Hayes's proposal.

Summary:

This bill is a concept draft pursuant to Joint Rule 208.

This bill proposes to adopt a law that is based on the Revised Uniform Unclaimed Property Act, the text of which may be found here: http://legislature.maine.gov/uploads/originals/revised-uniform-unclaimed-property-act.pdf. In addition to any substantive changes to the uniform act that may be adopted by the Legislature, the basic numbering system, the mechanical structure and the internal organization of the law recommended by the National Conference of Commissioners on Uniform State Laws will be altered to conform to the numbering, structure and organization of the Maine Revised Statutes.