GA SB403

Amends Georgia's unclaimed property laws to specify that property is not considered abandoned if the owner shows interest by electronically accessing the account or changing the amount/type of property held

Establishes rules for virtual currency abandonment and liquidation, requiring holders to liquidate virtual currency within 30 days prior to reporting and remit proceeds to the commissioner; owners cannot recover gains occurring after liquidation

Authorizes the commissioner to make payments up to $500 per property without a formal claim if the owner is a verified natural person, using taxpayer refund instructions from their most recent tax return

Waives probate court order requirements for heirs claiming unclaimed property worth $15,000 or less if all heirs sign an affidavit agreeing on estate division and confirming debts are paid

Beginning July 1, 2027, claims become void for properties under $10 filed more than 5 years after remittance or any property filed more than 25 years after remittance, with such funds escheating to the state general fund