Montana legislation · 2025 Regular Session
Montana HB164: Revise the uniform unclaimed property act
Status: Signed into law, April 7, 2025
What the bill says
An act revising the uniform unclaimed property act; defining payroll card; revising presumptions of abandonment; providing for reports by electronic mail delivery of property presumed abandoned; and amending sections 70-9-802, 70-9-803, and 70-9-808, mca.
From the engrossed text:
AN ACT REVISING THE UNIFORM UNCLAIMED PROPERTY ACT; DEFINING PAYROLL CARD; REVISING PRESUMPTIONS OF ABANDONMENT; PROVIDING FOR REPORTS BY ELECTRONIC MAIL DELIVERY OF PROPERTY PRESUMED ABANDONED; AND AMENDING SECTIONS 70-9-802, 70-9-803, AND 70-9-808, MCA. Section 1. Section 70-9-802, MCA, is amended to read: "70-9-802. Definitions. In this part, unless the context requires otherwise, the following definitions apply: (1) "Administrator" means the department of revenue provided for in 2-15-1301. (2) "Apparent owner" means a person whose name appears on the records of a holder as the person entitled to property held, issued, or owing by the holder. (3) "Business association" means a corporation, joint-stock company, investment company, partnership, unincorporated association, joint venture, limited liability company, business trust, trust company, land bank, safe deposit company, financial organization, insurance company, mutual fund, utility, or other business entity consisting of one or more persons, whether or not for profit. (4) "Domicile" means the state of incorporation of a corporation and the state of the principal place of business of a holder other than a corporation. (5) "Financial organization" means a savings and loan association, bank, banking organization, or credit union. (6) "Gift certificate" has the meaning provided in 30-14-102. (7) "Holder" means a person obligated to hold for the account of, or deliver or pay to, the owner property that is subject to this …
Sponsors
- Walsh, Ken (R, 69) · primary sponsor
- Loge, Denley (R, 45)
Latest actions
- : Chapter Number Assigned
- : (H) Signed by Governor
- : (H) Transmitted to Governor
- : (S) Signed by President
- : (H) Signed by Speaker
- : (H) Returned from Enrolling
- : (H) Sent to Enrolling
- : (S) 3rd Reading
- : (S) Scheduled for 3rd Reading
- : (S) 2nd Reading
Votes
- Do Concur (March 26, 2025): 50 yea, 0 nay, passed
- Do Concur (March 25, 2025): 49 yea, 1 nay, passed
- Do Pass (January 29, 2025): 100 yea, 0 nay, passed
- Do Pass (January 28, 2025): 100 yea, 0 nay, passed
Subjects: Property
Common questions
- What is HB164?
- HB164 is a bill in the Montana Legislature (2025 Regular Session): Revise the uniform unclaimed property act.
- What does HB164 do?
- In its own words: An act revising the uniform unclaimed property act; defining payroll card; revising presumptions of abandonment; providing for reports by electronic mail delivery of property presumed abandoned; and amending sections 70-9-802, 70-9-803, and 70-9-808, mca.
- What is the status of HB164?
- Signed into law as of April 7, 2025. Latest action: Chapter Number Assigned (April 7, 2025).
- Who sponsored HB164?
- Walsh, Ken (R, 69), with 1 co-sponsor.
- Where is the official record for HB164?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC0937
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.