BANKS/BANKING: Provides with respect to abandoned digital assets

HB 947 establishes rules for unclaimed digital assets (like cryptocurrency) in Louisiana. It presumes digital asset accounts abandoned after three years of inactivity (e.g., undelivered mail or no owner activity), requiring holders to transfer these assets to a state-designated custodian. The custodian must hold assets for three years to allow owners to reclaim them before potentially selling them at market value if unclaimed. This directly affects digital asset holders with dormant accounts and requires financial institutions managing these assets to follow specific transfer and liquidation procedures.