The bill amends several sections of the North Dakota Century Code related to the revised uniform unclaimed property act. Key changes include the addition of new categories of presumed abandoned property, such as virtual currency, which is deemed abandoned three years after the apparent owner's last indication of interest. The bill also introduces provisions for excess proceeds from the sale of abandoned vehicles and public or private property, specifying that these are considered abandoned after a designated time period. Additionally, it clarifies the retention of records by holders and outlines the procedures for the payment or delivery of property to the administrator, including the requirement for holders to liquidate virtual currency before reporting.

Further amendments include changes to the claims process for property, allowing the administrator to waive certain requirements if the claimant is verified as the apparent owner. The bill also expands the types of debts that can be satisfied from unclaimed property, now including civil monetary judgments. The administrator's authority to examine records for compliance is enhanced, and provisions for interstate and international cooperation regarding unclaimed property are updated to ensure confidentiality and security standards are met. The bill is declared an emergency measure, indicating its immediate necessity for implementation.

Statutes affected:
INTRODUCED: 47-30.2-04, 47-30.2-24, 47-30.2-32, 47-30.2-39, 47-30.2-50, 47-30.2-52, 47-30.2-55, 47-30.2-63
Adopted by the House Industry, Business and Labor Committee: 47-30.2-04, 47-30.2-24, 47-30.2-32, 47-30.2-39, 47-30.2-50, 47-30.2-52, 47-30.2-55, 47-30.2-63
FIRST ENGROSSMENT: 47-30.2-04, 47-30.2-24, 47-30.2-32, 47-30.2-39, 47-30.2-50, 47-30.2-52, 47-30.2-55, 47-30.2-63
Enrollment: 47-30.2-04, 47-30.2-24, 47-30.2-32, 47-30.2-39, 47-30.2-50, 47-30.2-52, 47-30.2-55, 47-30.2-63