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Bill > SB2063
OK SB2063
OK SB2063Uniformed Unclaimed Property Act; modifying required information to be filed with deposits. Effective date.
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/23/2026
02/23/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act relating to the Uniform Unclaimed Property Act; amending 60 O.S. 2021, Section 651, as amended by Section 1, Chapter 421, O.S.L. 2025 (60 O.S. Supp. 2025, Section 651), which relates to definitions; modifying definition; amending 60 O.S. 2021, Section 668, as last amended by Section 3, Chapter 421, O.S.L. 2025 (60 O.S. Supp. 2025, Section 668), which relates to the Unclaimed Property Fund; modifying required information to be filed with deposits; requiring certain information to be made available on a public website; permitting requests for certain information; requiring the State Treasurer make certain information available at the end of each fiscal year; amending 60 O.S. 2021, Section 674, as amended by Section 4, Chapter 421, O.S.L. 2025 (60 O.S. Supp. 2025, Section 674), which relates to claims of abandoned property; authorizing the State Treasurer to request additional information in certain circumstances; authorizing claimants to request a hearing in certain circumstances; requiring the State Treasurer to respond to requests within certain time period; modifying permissible documents to be filed with a claim; updating statutory language; updating statutory references; and providing an effective date.
AI Summary
This bill modifies the Uniform Unclaimed Property Act by changing the information required when depositing unclaimed property with the State Treasurer, making certain details publicly available on a website, and updating procedures for claiming abandoned property. Specifically, it expands the types of information the State Treasurer must record for each deposit, including details about securities and insurance policies, and mandates that this information, along with other account details like the owner's name, address, and property type, be accessible on a public website. The bill also allows claimants to request a hearing if their claim is denied or if the State Treasurer requests additional information, and sets timeframes for the Treasurer's responses to such requests. Additionally, it clarifies the definition of a "written agreement" for claimant representatives and updates the permissible documents that can be filed with a claim.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Placed on General Order (on 02/25/2026)
Official Document
bill text
bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=sb2063&Session=2600 |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20FLR/SFLR/SB2063%20SFLR.PDF |
| Fiscal Note/Analysis - Senate: Introduced | https://www.oklegislature.gov/cf_pdf/2025-26%20SUPPORT%20DOCUMENTS/BILLSUM/Senate/SB2063%20INT%20BILLSUM.PDF |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/SB/SB2063%20INT.PDF |
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