HB 1149 — Relating to the revised uniform unclaimed property act; and to declare an emergency.

25.0855.02000 Sixty-ninth Legislative Assembly of North Dakota FIRSTIn ENGROSSMENTRegular ENGROSSEDSession Commencing Tuesday, January 7, 2025 HOUSE BILL NO.

1149 Introduced(Representative byKlemin) Representative(Senator KleminHogue) SenatorAN HogueACT A BILL for an Act to amend and reenact sections 47-30.2-04, 47-30.2-24, 47-30.2-32, 47-30.2-39, 47-30.2-50, 47-30.2-52, 47-30.2-55, and 47-30.2-63 of the North Dakota Century Code, relating to the revised uniform unclaimed property act;

A payroll card or a demand, savings, or time deposit, including a time deposit that is automatically renewable, five years after the date of maturity of the time deposit or the Pagedate No.of the last indication of interest in the property by the apparent owner, whichever is earlier, provided a time deposit that is automatically renewable is deemed matured on its initial date of maturity unless the apparent owner has consented in a record on file with the holder to renewal at or about the time of the renewal.

1 25.0855.02000 Sixty-ninth Legislative Assembly date of the last indication of interest in the property by the apparent owner, whichever is earlier, provided a time deposit that is automatically renewable is deemed matured on its initial date of maturity unless the apparent owner has consented in a record on file with the holder to renewal at or about the time of the renewal.

a.H.

B.

NO.

1149 - PAGE 2 a.

Page13. No.

2 25.0855.02000 Sixty-ninth Legislative Assembly 13.

PageH. No.

3B. 25.0855.02000 Sixty-ninth Legislative Assembly 2.

NO.

1149 - PAGE 3 2.

If property in a report under section 47-30.2-21 is an automatically renewable deposit and a penalty or forfeiture in the payment of interest would result from paying the deposit to the administrator at the time of the report, the date for payment of the Pageproperty No.to the administrator is extended until a penalty or forfeiture no longer would result from payment, if the holder informs the administrator of the extended date.

4 25.0855.02000 Sixty-ninth Legislative Assembly property to the administrator is extended until a penalty or forfeiture no longer would result from payment, if the holder informs the administrator of the extended date.

6.H.

B.

NO.

1149 - PAGE 4 6.

The owner may not have recourse against the holder or the administrator Pageto No.recover any gain in value occurring after the liquidation of the virtual currency under this subsection.

5 25.0855.02000 Sixty-ninth Legislative Assembly to recover any gain in value occurring after the liquidation of the virtual currency under this subsection.

Pagea. No.

6 25.0855.02000 Sixty-ninth Legislative Assembly a.

and c.H.

B.

NO.

1149 - PAGE 5 c.

The administrator first shall apply the property or net proceeds of a sale of property held by the administrator to a Pagedebt No.under subsection 2 of an apparent owner which appears in the records of the administrator and deliver the amount to the appropriate state or local agency.

7 25.0855.02000 Sixty-ninth Legislative Assembly debt under subsection 2 of an apparent owner which appears in the records of the administrator and deliver the amount to the appropriate state or local agency.

47-30.2-63.H.

B.

NO.

1149 - PAGE 6 47-30.2-63.

PageH. No.

8B. 25.0855.02000

NO.

1149 - PAGE 7 ____________________________ ____________________________ Speaker of the House President of the Senate ____________________________ ____________________________ Chief Clerk of the House Secretary of the Senate This certifies that the within bill originated in the House of Representatives of the Sixty-ninth Legislative Assembly of North Dakota and is known on the records of that body as House Bill No.

1149 and that two-thirds of the members-elect of the House of Representatives voted in favor of said law.

Vote: