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ND HB1418

Bill

Official Source

Status

Passed

3/27/2015

Primary Sponsor

Roscoe Streyle

Click for details

Origin

House of Representatives

64th Legislative Assembly

AI Summary

  • Establishes a two-year period after which uncashed checks held by businesses are presumed abandoned, except as provided in sections 47-30.1-04 and 47-30.1-05.
  • Voids and cancels any warrant issued by the state if the payee or legal holder fails to present it for payment within two years of issue.
  • Allows the original issuing state agency to issue a new warrant if a payee or legal holder presents a voided or canceled check for payment.
  • Authorizes the state treasurer to pay the newly issued warrant.

Legislative Description

An abandoned property presumption for uncashed checks issued by the state.

Last Action

Signed by Governor 03/26

3/27/2015

Committee Referrals

Industry, Business, and Labor1/19/2015

Full Bill Text

No bill text available