HB 104

This act amends Sections 35-12-71, 35-12-72, 35-12-76, 35-12-80, and 35-12-93, Code of Alabama 1975, to: (1) provide that property held within a digital asset account is considered abandoned three years after the last activity of the apparent owner; (2) require notice to the apparent owner of presumably abandoned securities, digital assets, and safe deposit box contents that the property may be liquidated; (3) authorize and provide for the sale and liquidation of abandoned digital assets by the State Treasurer; and (4) further provide for agreements to locate and recover property presumed abandoned that is held by the State Treasurer.