The bill amends Section 70-9-815 of the Montana Code Annotated to revise the process for claiming unclaimed property. It introduces a provision that allows the Department of Revenue to automatically return certain unclaimed property directly to individuals without requiring them to file a formal claim. This can occur if the individual is identified as the apparent owner on a report, the administrator believes they are entitled to the property, and the property is valued at $1,000 or less.

Additionally, the bill mandates that if the administrator waives the claim requirement and directly returns property, they must document proof of ownership, identity, and the return of the property. The changes aim to streamline the process of returning unclaimed property to rightful owners, making it more efficient and accessible. The bill 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: 70-9-815