LC 937 Legislature · 2025 Regular Session

Revise the uniform unclaimed property act

This bill updates Montana's unclaimed property laws to modernize definitions and improve how abandoned property is handled. It directly affects businesses, financial institutions, and the state Department of Revenue by clarifying what counts as unclaimed property and who holds it. Key changes include adding "payroll card" accounts to the list of covered property, updating definitions for personal information to include digital identifiers, and refining rules for mineral proceeds. The bill also establishes new presumptions of abandonment and requires holders to report unclaimed property via email delivery. These provisions aim to streamline the process for locating and returning unclaimed assets to their rightful owners.
Bill status introduced 1 of 4 stages cleared
Introduction
Nov 2024
Committee Review
Floor Vote
Governor
Introduced Nov 7, 2024 Last action Jan 8, 2025
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