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 provisions that define new categories of presumed abandoned property, such as virtual currency, which is presumed abandoned three years after the apparent owner's last indication of interest. The bill also introduces specific timeframes for excess proceeds from the sale of abandoned vehicles and public or private property. Additionally, it clarifies the responsibilities of holders regarding the retention of records and the payment or delivery of property to the administrator, including the requirement to liquidate virtual currency before reporting.

Further amendments enhance the administrator's authority to examine records for compliance and authorize voluntary disclosures by holders. The bill also expands the scope of debts that can be satisfied from unclaimed property, including civil monetary judgments. It emphasizes the importance of cooperation with other states and foreign countries in managing unclaimed property, ensuring that confidentiality and security requirements are met. The bill is declared an emergency measure, indicating its immediate importance 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