This 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 property presumed abandoned, 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 the timeframes for these categories. Additionally, it clarifies the record retention requirements for holders of unclaimed property and outlines the procedures for the payment or delivery of property to the administrator.

Further amendments enhance the administrator's authority to examine records for compliance and allow for voluntary disclosure of property by holders. The bill also updates the claims process for property, allowing the administrator to directly pay or deliver property to individuals identified as apparent owners without requiring a formal claim in certain circumstances. Moreover, it expands the types of debts that can be satisfied from unclaimed property, including civil monetary judgments. 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