Unclaimed property; payment of property of deceased owner. (SB408)

Introduced By

Sen. Jill Holtzman Vogel (R-Winchester)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Unclaimed property; payment of property of deceased owner. Provides a means for the State Treasurer to pay unclaimed property of a deceased owner to a claimant who provides certain evidence of his entitlement to payment, including (i) a certificate of qualification as the executor or an order of appointment as the administrator or personal representative of the decedent's estate; (ii) an affidavit authorizing the claimant to be the designated successor under the Small Estate Act that names the claimant as the designated successor; or (iii) the order of distribution or the final accounting for a closed estate that reflects payment is due in whole or in part to the claimant. If no such evidence is available and the owner of the property died at least one year prior to the filing of the claim and the amount claimed is $15,000 or less, the claimant may submit an affidavit stating his claim to the property, and the State Treasurer may approve and pay such claim at his discretion. Amends § 55-210.20, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/12/2016Prefiled and ordered printed; offered 01/13/16 16100746D
01/12/2016Referred to Committee on Local Government
01/14/2016Impact statement from DPB (SB408)
01/19/2016Rereferred from Local Government (13-Y 0-N) (see vote tally)
01/19/2016Rereferred to General Laws and Technology
01/25/2016Reported from General Laws and Technology with amendments (14-Y 0-N) (see vote tally)
01/27/2016Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/28/2016Read second time
01/28/2016Reading of amendments waived
01/28/2016Committee amendments agreed to
01/28/2016Engrossed by Senate as amended SB408E
01/28/2016Printed as engrossed 16100746D-E
01/29/2016Impact statement from DPB (SB408E)
01/29/2016Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/03/2016Placed on Calendar
02/03/2016Read first time
02/03/2016Referred to Committee for Courts of Justice
02/16/2016Assigned App. sub: Civil Law
02/16/2016Assigned Courts sub: Civil Law
02/22/2016Subcommittee recommends reporting (10-Y 0-N)
02/24/2016Reported from Courts of Justice (22-Y 0-N) (see vote tally)
02/25/2016Read second time
02/26/2016Read third time
02/26/2016Passed House BLOCK VOTE (97-Y 0-N)
02/26/2016VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally)
02/29/2016Enrolled
02/29/2016Bill text as passed Senate and House (SB408ER)
02/29/2016Impact statement from DPB (SB408ER)
02/29/2016Signed by Speaker
03/03/2016Signed by President
03/04/2016Enrolled Bill Communicated to Governor on 3/4/16
03/04/2016G Governor's Action Deadline Midnight, March 11, 2016
03/11/2016G Approved by Governor-Chapter 350 (effective 7/1/16)