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AR HB2072
Bill
Status
4/27/2011
Primary Sponsor
Mary L. Slinkard
Click for details
AI Summary
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Amends Arkansas Code § 18-28-201(13)(B) to exclude property held in circuit court registries or by circuit clerks, county clerks, or probate clerks from the definition of unclaimed property, provided it is administered under § 18-28-210(h)
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Establishes a 3-year holding period for property in court registries or held by court and county clerks before it must be paid into the county general fund
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Requires counties to remain obligated in perpetuity to reimburse money and return non-monetary property to the rightful owner, even after funds are transferred to the general fund
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Applies the disposition rules to property held by circuit clerks, county clerks, and probate clerks in their official capacities
Legislative Description
To Regulate The Disposition Of Unclaimed Property Held By County Clerks And Circuit Courts.
Last Action
House Died in House Committee at Sine Die adjournment.
4/27/2011