The Civil Law Committee heard SB 282 pertaining to unclaimed property and savings bonds authored by Sen. Walker. A representative of the Attorney General’s Office summarized the bill. The bill authorizes the Attorney General to process unclaimed savings bonds held for more than 20 years as unclaimed property. The bill also authorizes the Attorney General to claim unclaimed savings bonds held by the federal government if the bond was purchased in Indiana or held by an Indiana resident. The bill passed 8-0.
Read the bill at http://iga.in.gov/legislative/2015/bills/senate/282.