Revises Ohio's Unclaimed Funds Law to update definitions, reporting requirements, and procedures for handling unclaimed funds.
Ohio HB480 revises the Unclaimed Funds Law by updating definitions, reporting requirements, and procedures for handling unclaimed funds. It specifies what constitutes unclaimed funds, including virtual currency and game-related digital content, and outlines the process for holders to report these funds to the director of commerce. The bill also details the conditions under which funds are deemed abandoned and escheat to the state, and the procedures for claimants to recover their funds.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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