SB903 increases the number of days before nursing homes must report abandoned property to the administrator.

SB903 amends the West Virginia Uniform Unclaimed Property Act to increase the number of days before nursing homes must report abandoned property to the administrator. The bill defines terms such as "administrator," "finder," and "virtual currency." It outlines the process for filing claims with the administrator, including the requirement for unredacted documentation. The bill also specifies that personal property shall be liquidated by the executor of the estate and proceeds passed to the State Treasurer.

SB903 increases the number of days before nursing homes must report abandoned property to the administrator.

SB903 amends the West Virginia Uniform Unclaimed Property Act to increase the number of days before nursing homes must report abandoned property to the administrator. The bill defines terms such as "administrator," "finder," and "virtual currency." It outlines the process for filing claims with the administrator, including the requirement for unredacted documentation. The bill also specifies that personal property shall be liquidated by the executor of the estate and proceeds passed to the State Treasurer.