Unclaimed property; establishes a minimum reportable amount. (SB399)

Introduced By

Sen. Emmett Hanger (R-Mount Solon)

Description

Unclaimed property; minimum reportable amount. Establishes a minimum reportable amount for the holder of unclaimed property. The bill exempts holders from reporting unclaimed property of any single owner if the cumulative value of the owner's unclaimed property is $50 or less. Amends § 55-210.12 (“Report and remittance to be made by holder of funds or property presumed abandoned; holder to exercise due diligence to locate owner.”), of the Code of Virginia. View Full Text »

Outcome

No Richmond Sunlight visitors voted on this bill while voting was open.