HB88

Montana HB88 allows automatic return of unclaimed property valued at $1,000 or less under certain conditions.

Montana HB88 revises laws related to the return of unclaimed property. It allows the administrator to automatically return property valued at $1,000 or less to the apparent owner if specific conditions are met. These conditions include the person being listed as the apparent owner in a report, the administrator validating the identity and address of the person, and the administrator reasonably believing the person is entitled to the property. This act takes immediate effect upon passage and approval.