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2020 House Bill 5339: Revise unclaimed property law
Introduced by Rep. Michael Webber R-Rochester on January 16, 2020
To revise details of an ”escheats law” that lets the state government take possession of unclaimed property if an owner does not claim it within three years. The bill would expand the information a state administrator must provide to locator services who contract with owners to find and claim property, and would also require rather than allow the administrator to make this information available to bona fide locator services.   Official Text and Analysis.
Referred to the House Regulatory Reform Committee on January 16, 2020
Reported in the House on May 19, 2020
Refer to the Committee on Ways and Means.
Referred to the House Ways and Means Committee on May 19, 2020
Reported in the House on May 27, 2020
Without amendment and with the recommendation that the bill pass.
Received in the Senate on June 4, 2020
Referred to the Senate Regulatory Reform Committee on June 4, 2020
Reported in the Senate on September 9, 2020
With the recommendation that the substitute (S-3) be adopted and that the bill then pass.
Received in the House on September 24, 2020
Moved to reconsider by Rep. Michael Webber R-Rochester on September 24, 2020
The vote by which the bill was passed.
The motion passed by voice vote in the House on September 24, 2020
Received in the House on September 24, 2020
Vetoed by Gov. Gretchen Whitmer on October 15, 2020
Received in the House on November 5, 2020
Referred to the House Ways and Means Committee on November 5, 2020

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