SB00215

Connecticut SB00215 modifies the presumption of abandonment for certain property held by banking organizations.

Connecticut SB00215 amends the presumption of abandonment for certain property held by banking organizations. It specifies that deposits, shares, and other financial assets are presumed abandoned unless the owner has shown interest within three years. This includes actions like modifying the deposit amount, presenting evidence of the deposit, or corresponding with the banking organization. The act takes effect on October 1, 2026.