Modifies provisions of the revised uniform unclaimed property act.

The bill modifies the revised uniform unclaimed property act by changing the presumption of abandonment for various types of property, including prearrangement funeral service contracts, stored value cards, and payroll cards. It also updates the procedures for holders to report and deliver unclaimed property to the administrator, including electronic reporting requirements.

Modifies provisions of the revised uniform unclaimed property act.

The bill modifies the revised uniform unclaimed property act by changing the presumption of abandonment for various types of property, including prearrangement funeral service contracts, stored value cards, and payroll cards. It also updates the procedures for holders to report and deliver unclaimed property to the administrator, including electronic reporting requirements.