Georgia legislation · 2025-2026 Regular Session
Georgia SB403: Unclaimed Property; property is presumed abandoned; provide for exceptions
Status: Signed into law, May 5, 2026
A BILL to be entitled an Act to amend Article 5 of Chapter 12 of Title 44 of the O.C.G.A., relating to disposition of unclaimed property, so as to provide for exceptions to when property is presumed abandoned; to provide for abandonment and liquidation of virtual currency; to authorize delay of publication of notice on the "Georgia Unclaimed Property List" under certain circumstances; to provide for methods of payment of claims; to waive the requirement of a probate court order for claims of heirs under certain circumstances; to provide for circumstances under which a claim is void; to provide for definitions; to amend Title 48 of the O.C.G.A., relating to revenue and taxation, so as to waive confidentiality of certain tax records; to provide for related matters; to repeal conflicting laws; and for other purposes.
What the bill says
To amend Article 5 of Chapter 12 of Title 44 of the Official Code of Georgia Annotated, relating to disposition of unclaimed property, so as to authorize delay of publication of notice on the "Georgia Unclaimed Property List" under certain circumstances; to provide for methods of payment of claims; to provide for payments in the absence of claims; to waive the requirement of a probate court order for claims of heirs under certain circumstances; to provide for definitions…
From the introduced text:
A BILL TO BE ENTITLED To amend Article 5 of Chapter 12 of Title 44 of the Official Code of Georgia Annotated, relating to disposition of unclaimed property, so as to authorize delay of publication of notice on the "Georgia Unclaimed Property List" under certain circumstances; to provide for methods of payment of claims; to provide for payments in the absence of claims; to waive the requirement of a probate court order for claims of heirs under certain circumstances; to provide for definitions; to amend Title 48 of the Official Code of Georgia Annotated, relating to revenue and taxation, so as to waive confidentiality of certain tax records; to provide for related matters; to repeal conflicting laws; and for other purposes. BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: SECTION 1. Article 5 of Chapter 12 of Title 44 of the Official Code of Georgia Annotated, relating to disposition of unclaimed property, is amended in Code Section 44-12-192, relating to definitions, by revising paragraph (6) and adding new paragraphs to read as follows: "(0.5) 'Adult' means an individual 18 years of age or older." "(6) 'Due diligence' means, but shall not be limited to, the mailing of a letter by first-class mail to the last known address of the owner as indicated on the records of the holder. If …
Sponsors
- Matt Reeves (R, 99) · primary sponsor
- Kay Kirkpatrick (R, 32) · primary sponsor
- Larry Walker (R, 20)
- Jason Anavitarte (R, 31)
- Elena Parent (D, 44)
- John Albers (R)
- Lee Anderson (R, 24)
- Billy Hickman (R, 4)
- Clint Dixon (R, 45)
- Randy Robertson (R, 29)
- Shawn Still (R, 48)
- Carden Summers (R, 13)
Latest actions
- : Effective Date
- : Act 410
- : Senate Date Signed by Governor
- : Senate Sent to Governor
- : Senate Agreed House Amend or Sub
- : House Passed/Adopted By Substitute
- : House Third Readers
- : House Committee Favorably Reported By Substitute
- : House Second Readers
- : House First Readers
Votes
- Senate Vote #915 (March 31, 2026): 49 yea, 0 nay, passed
- House Vote #785 (March 27, 2026): 158 yea, 0 nay, passed
- Senate Vote #520 (February 5, 2026): 50 yea, 0 nay, passed
Common questions
- What is SB403?
- SB403 is a bill in the Georgia Legislature (2025-2026 Regular Session): Unclaimed Property; property is presumed abandoned; provide for exceptions.
- What does SB403 do?
- In its own words: To amend Article 5 of Chapter 12 of Title 44 of the Official Code of Georgia Annotated, relating to disposition of unclaimed property, so as to authorize delay of publication of notice on the "Georgia Unclaimed Property List" under certain circumstances; to provide for methods of payment of claims; to provide for payments in the absence of claims; to waive the requirement of a probate court order for claims of heirs under certain circumstances; to provide for definitions…
- What is the status of SB403?
- Signed into law as of May 5, 2026. Latest action: Effective Date (July 1, 2026).
- Who sponsored SB403?
- Matt Reeves (R, 99), with 11 co-sponsors.
- Where is the official record for SB403?
- On the Georgia Legislature website: https://www.legis.ga.gov/legislation/72252
Source: official Georgia record. Tracked by Delilah, AI for legislation across all 50 states and Congress.