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AR HB1304
Bill
Status
3/31/2011
Primary Sponsor
Darrin Williams
Click for details
AI Summary
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Reduces the holding period for excess proceeds from vehicle nonjudicial public sales at law enforcement impound lots from 3 years to 1 year before funds are forfeited to the impound lot operator.
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Requires excess proceeds from vehicles removed to private impound lots to be paid to the county clerk for the account of the person legally entitled to the excess.
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Makes the Unclaimed Property Act (§ 18-28-201 et seq.) applicable to any unclaimed funds or excess moneys paid to the county clerk.
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Changes the language regarding private impound lot procedures from "pursuant to" to "under" § 27-50-1101.
Legislative Description
To Modify The Waiting Period Concerning The Excess Proceeds From A Nonjudicial Public Sale.
Last Action
House Notification that HB1304 is now Act 872
3/31/2011