Bill > HB136

This bill adopts the Montana Revised Unclaimed Property Act. Key provisions include: - Defines terms like "virtual currency," "security," and "personal information" related to unclaimed property. - Specifies the time periods after which different types of property are presumed abandoned, such as 3 years for gift certificates and 5 years for stocks or other equity interests. - Requires holders of abandoned virtual currency to liquidate it within 30 days and remit the proceeds to the Department of Revenue. - Establishes an unclaimed property website to be maintained by the Department of Revenue for the public to search for and claim unclaimed property. - Provides for confidentiality of personal information obtained from holder reports, except for what is published on the website. - Specifies that a security is presumed abandoned after 3 years of no contact from the apparent owner. The bill modernizes Montana's unclaimed property laws to address emerging technologies like virtual currency and provide more transparency and accessibility for the public.

Budget and Finance, Government Affairs

https://laws.leg.mt.gov/legprd/LAW0210W$BSIV.ActionQuery?P_BILL_NO1=136&P_BLTP_BILL_TYP_CD=HB&Z_ACTION=Find&P_SESS=20231