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CT HB05003

Bill

Official Source

Status

Introduced

1/5/2011

Primary Sponsor

Anthony D'Amelio

Click for details

Origin

House of Representatives

2011 General Assembly

AI Summary

  • Amends section 3-65a of the general statutes to require banks to notify inactive account holders by certified mail
  • Notification must occur within one year before an account is presumed abandoned
  • Notice must inform holders that funds will be transferred to the State Treasurer and subject to escheat if no interest is indicated
  • Referred to Committee on Banks
  • Introduced by Rep. D'Amelio, 71st District

Legislative Description

An Act Requiring Banks To Notify Holders Of Inactive Accounts By Certified Mail That Account Funds Will Be Transferred To The Treasurer And Subject To Escheat To The State.

Last Action

Public Hearing 02/10

2/4/2011

Committee Referrals

Banks1/5/2011

Full Bill Text

No bill text available