AL HB104

Adds "digital asset" to Alabama's unclaimed property definitions as any digital representation used as a medium of exchange or storage of value recorded on a cryptographically secured distributed ledger, excluding software protocols, video game content, and loyalty/gift cards

Digital assets held in accounts become presumed abandoned after 3 years of inactivity by the apparent owner, with activity defined as accessing a password-protected account, responding to holder outreach, or conducting transactions

State Treasurer may sell abandoned digital assets at prevailing exchange prices, direct holders to liquidate digital assets within 30 days of filing a report, and may decline digital assets that are not freely transferable or have nominal value

Requires the State Treasurer to issue annual reports to the Legislature beginning January 1, 2028, summarizing digital asset activity and assessing feasibility of contracting with a qualified custodian to hold digital assets in native form

Finder agreements must be in writing, disclose that property may be recovered from the State Treasurer without a fee, and cap total compensation at 10% of the claimed amount; agreements entered within 24 months of property delivery to the Treasurer are void