HB4541 clarifies and restates existing law regarding the definition of property under the Revised Uniform Unclaimed Property Act.
HB4541 amends the Revised Uniform Unclaimed Property Act by clarifying the definition of "property" to include any overpayment made by any person to a government, governmental subdivision, agency, or instrumentality. This includes payments for taxes, licenses, or fees that exceed the required amount. The bill aims to ensure that such overpayments are considered property subject to the Act. The changes made by this amendatory Act are a restatement and clarification of existing law.
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