Alabama HB104 allows finders to contract with the State Treasurer to locate unclaimed property, including digital assets, and establishes guidelines.

Alabama HB104 amends the state's unclaimed property laws to include digital assets under the custody of the State Treasurer. The bill authorizes the State Treasurer to take custody of abandoned digital assets and establishes guidelines for their disposal. It allows the State Treasurer to order the liquidation of certain digital assets if they are not freely transferable, of nominal value, or have value less than the estimated expenses of maintenance, notice, and sale.

Alabama HB104 allows finders to contract with the State Treasurer to locate unclaimed property, including digital assets, and establishes guidelines.

Alabama HB104 amends the state's unclaimed property laws to include digital assets under the custody of the State Treasurer. The bill authorizes the State Treasurer to take custody of abandoned digital assets and establishes guidelines for their disposal. It allows the State Treasurer to order the liquidation of certain digital assets if they are not freely transferable, of nominal value, or have value less than the estimated expenses of maintenance, notice, and sale.