Relating to fiduciary funds in the hands of officials; to amend Section 19-3-87, Code of Alabama 1975, to provide for disposition of unclaimed funds held in a county treasury after being unclaimed for a certain number of years; and to amend Section 35-12-73, Code of Alabama 1975, to exempt unclaimed funds under Section 19-3-87, Code of Alabama 1975.
It became law on May 3, 2023.
- Stage
- Became law
- Started in
- House
- Latest action
- May 3, 2023
What it does
Fiduciary funds held by counties, rights to unclaimed property in a county treasury forfeited after 10 years, Section 19-3-87 property exemption from Uniform Disposition of Unclaimed Property Act.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
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Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
It is law in Alabama. What happens now is up to the agency that carries it out, the courts, and the place itself.