Pennsylvania HB488 amends the disposition of abandoned and unclaimed property to allow the State Treasurer to pay or deliver property to the sole.
Pennsylvania HB488 modifies the process for handling abandoned and unclaimed property. It allows the State Treasurer to pay or deliver property to a person identified as the sole owner in a report, even if no claim is filed. This applies to property valued under $5,000. The bill also addresses the settlement of claims against the Commonwealth and the collection of taxes and fees.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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