West Virginia legislation · 2026 Regular Session
West Virginia HB5629: Relating generally to the West Virginia Uniform Unclaimed Property Act.
Status: Passed one chamber, March 4, 2026
What the bill says
To amend and reenact §36-8-1, §36-8-8, §36-8-14, §36-8-15, and §42-1-3c of the Code of West Virginia, 1931, as amended; and to amend the code by adding a new section, designated §36-8-34, relating generally to the West Virginia Uniform Unclaimed Property Act; defining a term; requiring safety deposit boxes and safekeeping depositories to deliver contents to the administrator within a certain time frame; permitting the administrator to waive reciprocal claim forms with other states; clarifying the process for filing claims with the administrator; permitting the administrator to request u.
From the engrossed text, February 27, 2026:
A BILL to amend and reenact §36-8-1, §36-8-8, §36-8-14, §36-8-15, and §42-1-3c of the Code of West Virginia, 1931, as amended; and to amend the code by adding a new section, designated §36-8-34, relating generally to the West Virginia Uniform Unclaimed Property Act; defining a term; requiring safety deposit boxes and safekeeping depositories to deliver contents to the administrator within a certain time frame; permitting the administrator to waive reciprocal claim forms with other states; clarifying the process for filing claims with the administrator; permitting the administrator to request unredacted documentation; requiring agreements between apparent owners and finders; prohibiting a finder from claiming property within a certain timeframe; making certain agreements void and unenforceable; and clarifying that personal property shall be liquidated by the executor of the estate and proceeds passed to the Treasurer. CHAPTER 36. ESTATES AND PROPERTY. ARTICLE 8. UNIFORM UNCLAIMED PROPERTY ACT. §36-8-1. Definitions. As used in this article: "Administrator" means the State Treasurer. "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. "Business association" means a corporation, joint stock company, investment company, partnership, unincorporated association, joint venture, limited liability company, business trust, trust company, safe deposit company, financial organization, insurance company, mutual fund, utility, or other business entity …