South Dakota legislation · 100th Legislature (2025)
South Dakota HB1196: update Uniform Unclaimed Property Act to include provisions related to virtual currency and notice requirements.
Status: Signed into law, March 13, 2025
What the bill says
An Act ENTITLED An Act to update Uniform Unclaimed Property Act to include provisions related to virtual currency and notice requirements.
From the enrolled text:
An Act ENTITLED An Act to update Uniform Unclaimed Property Act to include provisions related to virtual currency and notice requirements. Be it enacted by the Legislature of the State of South Dakota: Section 1. That § 43-41B-1 be AMENDED: 43-41B-1. Terms in this chapter mean: (1) "Administrator," the state treasurer; (2) "Apparent owner," the person whose name appears on the records of the holder as the person entitled to property held, issued, or owing by the holder; (3) "Attorney general," the chief legal officer of this state; (4) "Banking organization," any bank, trust company, savings bank, industrial bank, land bank, safe deposit company, private banker, or any organization defined by other law as a bank or banking organization; (5) "Business association," a nonpublic corporation, joint stock company, investment company, business trust, partnership, cooperative, or association for business purposes of two or more individuals, whether or not for profit, including a banking organization, financial organization, insurance company, or utility; (6) "Domicile," the state of incorporation of a corporation or the state of the principal place of business of an unincorporated person; (7) "Financial organization," a savings and loan association, cooperative bank, building and loan association, or credit union; (8) "Holder," a person, wherever organized or domiciled, who is: (a) In possession of property belonging to another; (b) A trustee; or …
Sponsors
- Erik Muckey (D, HD-015) · primary sponsor
- Glen Vilhauer (R, SD-005) · primary sponsor
- Eric Emery (D, HD-026)
- Nicole Uhre-Balk (D, HD-032)
- Tony Venhuizen (R, HD-013)
Latest actions
- : Signed by the Governor
- : Delivered to the Governor
- : Signed by the President
- : Signed by the Speaker
- : Do Pass
- : Deferred to another day
- : Do Pass
- : Scheduled for hearing
- : First read in Senate and referred to Committee on Appropriations
- : Do Pass
Votes
- Do Pass (March 3, 2025): 32 yea, 2 nay, passed
- Do Pass (February 25, 2025): 9 yea, 0 nay, passed
- Do Pass (February 19, 2025): 69 yea, 1 nay, passed
- Do Pass (February 18, 2025): 8 yea, 0 nay, passed
Subjects: Property, Virtual Currency, Unclaimed Property
Common questions
- What is HB1196?
- HB1196 is a bill in the South Dakota Legislature (100th Legislature (2025)): update Uniform Unclaimed Property Act to include provisions related to virtual currency and notice requirements.
- What does HB1196 do?
- In its own words: An Act ENTITLED An Act to update Uniform Unclaimed Property Act to include provisions related to virtual currency and notice requirements.
- What is the status of HB1196?
- Signed into law as of March 13, 2025. Latest action: Signed by the Governor (March 13, 2025).
- Who sponsored HB1196?
- Erik Muckey (D, HD-015), with 4 co-sponsors.
- Where is the official record for HB1196?
- On the South Dakota Legislature website: https://sdlegislature.gov/Session/Bill/26050
Source: official South Dakota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.