This bill amends Section 70-9-815 of the Montana Code Annotated to revise the process for handling claims related to unclaimed property. It introduces a provision that allows the Department of Revenue to automatically return certain unclaimed property to its owner without requiring a formal claim to be filed, under specific conditions. These conditions include that the recipient is the apparent owner listed in a report, the administrator has verified the recipient's identity and address, and the property in question has a value of $1,000 or less.

Additionally, the bill mandates that if the administrator waives the claim requirement and directly returns property to an individual, they must document proof of ownership, proof of identity, and record that the property was returned. The bill is designed to streamline the process of returning unclaimed property to rightful owners, thereby enhancing efficiency and reducing administrative burdens. The act is set to take effect immediately upon passage and approval.

Statutes affected:
LC Text: 70-9-815
HB0088_1(1): 70-9-815
HB0088_1(2): 70-9-815
HB0088_1(3): 70-9-815
HB0088_1(4): 70-9-815
HB0088_1(5): 70-9-815
HB0088_1(6): 70-9-815
HB0088_1(7): 70-9-815
HB0088_1(8): 70-9-815
HB0088_1(9): 70-9-815
HB0088_1: 70-9-815
HB0088_2(1): 70-9-815
HB0088_2(2): 70-9-815
HB0088_2(3): 70-9-815
HB0088_2(4): 70-9-815
HB0088_2(5): 70-9-815
HB0088_2(6): 70-9-815
HB0088_2(7): 70-9-815
HB0088_2(8): 70-9-815
HB0088_2(9): 70-9-815
HB0088_2: 70-9-815
HB0088_X(1): 70-9-815
HB0088_X(2): 70-9-815
HB0088_X(3): 70-9-815
HB0088_X(4): 70-9-815
HB0088_X(5): 70-9-815
HB0088_X: 70-9-815