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2004 SESSION

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HB 466 Unclaimed property; notice of public sale through post, print, electronic media, etc.

Introduced by: Thelma Drake | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

State Treasurer; sale of abandoned property. Authorizes the sale of abandoned property other than money or other certificates of ownership through the use of electronic media. Expands the forms of notice of a public sale that is to occur outside the Commonwealth to include post, print, visual, telecommunications, or electronic media or any combination of those forms. All sales through the use of electronic media are deemed to be sales outside the Commonwealth.

SUMMARY AS INTRODUCED:

State Treasurer; sale of abandoned property. Expands the forms of notice of a public sale that may be used by the State Treasurer to include post, print, visual, telecommunications, or electronic media or any combination of those forms. In addition the bill provides for the State Treasurer to use the form or forms of notice that he deems necessary.