The bill amends Section 33-21.1-1 of the General Laws concerning "Unclaimed Intangible and Tangible Property" to include new definitions and clarify existing terms. It introduces a new category for "all other intangible property as identified by the administrator" and modifies the existing language regarding amounts due under insurance policies by adding "and" before the new category. The bill permits the division of unclaimed property within the office of the general treasurer to accept a broader range of miscellaneous intangible property belonging to Rhode Island residents. This change aims to enhance the state's ability to manage and return unclaimed assets to their rightful owners. The act is set to take effect immediately upon passage.

Statutes affected:
5740: 33-21.1-1