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2003 SESSION

• | print version

SB 1133 Unclaimed property; demutualization proceeds.

Introduced by: Thomas K. Norment, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Unclaimed property; demutualization proceeds. Provides that unclaimed property that became payable or distributable in the course of the demutualization of an insurance company is presumed to be abandoned five years after the earlier of (i) the date of last contact with the policyholder or (ii) the date the property became payable or distributable. The annual report due November 1, 2003, shall include information for the 5 years preceding 2003. This bill is identical to HB 2462.

FULL TEXT

• 01/08/03  Senate: Presented & ordered printed, prefiled 01/08/03 030323211  pdf | impact statement
• 01/30/03  Senate: Printed as engrossed 030323211-E  pdf | impact statement
• 02/24/03  Senate: Bill text as passed Senate and House (SB1133ER)  pdf | impact statement
• 03/27/03  Governor: Acts of Assembly Chapter text (CHAP0750)  pdf

AMENDMENTS

• Senate amendments

HISTORY

• 01/08/03  Senate: Presented & ordered printed, prefiled 01/08/03 030323211
• 01/08/03  Senate: Referred to Committee on Commerce and Labor
• 01/20/03  Senate: Reported from Commerce and Labor (12-Y 0-N)
• 01/20/03  Senate: Rereferred to Finance
• 01/28/03  Senate: Reported from Finance with amendment (13-Y 0-N)
• 01/29/03  Senate: Constitutional reading dispensed (40-Y 0-N)
• 01/29/03  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
• 01/30/03  Senate: Read second time
• 01/30/03  Senate: Reading of amendment waived
• 01/30/03  Senate: Committee amendment agreed to
• 01/30/03  Senate: Engrossed by Senate as amended
• 01/30/03  Senate: Printed as engrossed 030323211-E
• 01/31/03  Senate: Read third time and passed Senate (40-Y 0-N)
• 01/31/03  Senate: VOTE: PASSAGE R (40-Y 0-N)
• 01/31/03  Senate: Communicated to House
• 02/04/03  House: Placed on Calendar
• 02/04/03  House: Read first time
• 02/04/03  House: Referred to Committee on Commerce and Labor
• 02/11/03  House: Reported from Commerce and Labor (21-Y 0-N)
• 02/13/03  House: Read second time
• 02/14/03  House: Read third time
• 02/14/03  House: Passed House BLOCK VOTE (99-Y 0-N)
• 02/14/03  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 02/24/03  Senate: Bill text as passed Senate and House (SB1133ER)
• 02/26/03  House: Enrolled
• 02/26/03  House: Signed by Speaker
• 02/27/03  Senate: Signed by President
• 03/20/03  Governor: Approved by Governor-Chapter 750 (effective 7/1/03)
• 03/27/03  Governor: Acts of Assembly Chapter text (CHAP0750)