ULC

Acts

Revised Uniform Unclaimed Property Act

Description

The ULC first drafted uniform state legislation on unclaimed property in 1954. Since then, revisions have been promulgated in 1981 and again in 1995. Many technological developments in recent years as well as new types of potential unclaimed property, such as gift cards, are not addressed in the most current uniform act. The Revised Uniform Unclaimed Property Act updates provisions on numerous issues, including escheat of gift cards and other stored-value cards, life insurance benefits, securities, dormancy periods, and use of contract auditors.

Staff Contact

Katie Robinson krobinson@uniformlaws.org
Kaitlin D. Wolff kwolff@uniformlaws.org

 

Enactment Status Map

Map of USA Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont U.S. Virgin Islands Virginia Washington West Virginia Wisconsin Wyoming

Legislative Tracking

2018 Introductions & Enactments
StateBillSponsorStatus
Colorado SB 240 Gardner/WistIntroduced
District of Columbia 22-0654 EvansIntroduced
Kentucky HB 394 MillerEnacted
Maine LD 821 DionIntroduced
Minnesota SF 1035 RelphIntroduced
Nebraska LB 141 WilliamsIntroduced
Vermont HB 311 BotzowIntroduced
Washington HB 2486 GravesIntroduced

 

Drafting History

Origin: Completed by the Uniform Law Commission in 2016
Committee/Resources: Revise the Uniform Unclaimed Property Act