SB999

Oklahoma SB999 modifies the Uniform Unclaimed Property Act, updating definitions and procedures for handling unclaimed property.

Oklahoma SB999 amends the Uniform Unclaimed Property Act to redefine terms such as "claimant," "financial organization," and "mineral proceeds." It requires holders of unclaimed property to report such property to the State Treasurer. The act specifies the documentation needed for claims, including affidavits, death certificates, and letters testamentary. It mandates the State Treasurer to maintain electronic records and consider claims within 90 days. The act also sets an effective date of November 1, 2025.