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HI SB2619
Bill
Status
3/4/2016
Primary Sponsor
Michelle Kidani
Click for details
AI Summary
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Requires holders of unclaimed property valued at $50 or more to provide notice to the apparent owner not more than six months before filing a report with the Director of Finance, provided the claim is not barred by statute of limitations.
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Expands notification methods to include electronic mail, telephone, or any other reasonable method of contact in addition to written notice, provided the holder's records do not show the contact information to be inaccurate.
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Requires holders to include a statement in their annual report confirming compliance with the notice requirements of subsection (e).
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Maintains existing requirement for written notice if the holder has an accurate postal address for the apparent owner on file.
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Takes effect July 1, 2112.
Legislative Description
Unclaimed Property; Notice; Contact Information; Holders
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Kawakami, Kong, Oshiro, Tokioka, Tupola, Woodson excused (6).
3/24/2016