The House Judiciary Committee heard SB 282 concerning unclaimed property act and savings bonds sponsored by Rep. Wesco. 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. A representative for the Attorney General’s office testified in support, and the bill passed 9-0.
Read the bill at http://iga.in.gov/legislative/2015/bills/senate/282.