Uniform Unclaimed Property Act; authorizing electronic communication under certain circumstances; modifying certain notice requirements; increasing value of property for which certain documentation is required. Effective date.

This bill updates Oklahoma's Unclaimed Property Act to modernize how the State Treasurer handles abandoned property and claims. It allows for electronic communication and records, clarifies rules for finding wills or trusts in safe-deposit boxes, and sets higher value thresholds before requiring additional documentation from claimants. The legislation also introduces new requirements for designated representatives and buyers to use specific state-approved forms to file claims or purchase property, while protecting the State Treasurer from liability when distributing funds in good faith.