Pennsylvania HB1189 amends the Fiscal Code to allow the State Treasurer to pay or deliver property or proceeds valued under $10,000 without a claim.
Pennsylvania HB1189 amends the Fiscal Code to modify the process for claiming abandoned and unclaimed property. Specifically, it allows the State Treasurer to pay or deliver property or proceeds valued under $10,000 to a person identified as the sole owner, even if no claim is filed. This change streamlines the process for smaller claims, potentially expediting the return of property to rightful owners.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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