This bill aims to revise existing laws related to unclaimed property by providing clearer definitions and updating the criteria for when certain categories of property are presumed abandoned. It mandates that holders of specific abandoned property must liquidate the property and remit the proceeds to the Department of Revenue. Additionally, the bill establishes the creation of an unclaimed property website managed by the Department of Revenue to facilitate the process of reclaiming unclaimed assets.

Furthermore, the bill emphasizes the importance of protecting personal information by ensuring its confidentiality. It includes amendments to several sections of the Montana Code Annotated (MCA), specifically sections 70-9-802, 70-9-803, 70-9-808, 70-9-809, 70-9-810, 70-9-812, 70-9-820, and 70-9-827, to reflect these changes and enhance the management of unclaimed property within the state.

Statutes affected:
HB0136_1.pdf: 70-9-801, 70-9-802, 70-9-803, 70-9-808, 70-9-809, 70-9-810, 70-9-812, 70-9-815, 70-9-820, 70-9-827, 70-9-829
HB0136_2.pdf: 70-9-801, 70-9-802, 70-9-803, 70-9-808, 70-9-809, 70-9-810, 70-9-812, 70-9-815, 70-9-820, 70-9-827, 70-9-829
HB0136_3.pdf: 70-9-801, 70-9-802, 70-9-803, 70-9-808, 70-9-809, 70-9-810, 70-9-812, 70-9-815, 70-9-820, 70-9-827, 70-9-829
Amended: 70-9-801, 70-9-802, 70-9-803, 70-9-808, 70-9-809, 70-9-810, 70-9-812, 70-9-815, 70-9-820, 70-9-827, 70-9-829
Introduced: 70-9-801, 70-9-802, 70-9-803, 70-9-808, 70-9-809, 70-9-810, 70-9-812, 70-9-815, 70-9-820, 70-9-827, 70-9-829