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Uniform Unclaimed Property Act
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| Uniform Unclaimed Property Act | |
| Formation date: | 1995 |
| Member jurisdictions: | 16 |
| Issue(s): | Property |
 | |
The Uniform Unclaimed Property Act is an interstate compact among 15 states and the U.S. Virgin Islands. The act established a set of regulations regarding the handling of unclaimed property from safety deposit accounts or in cases where property is held by an entity other than the rightful owner. This act only applies to property that can be considered abandoned.[1] It was superceeded in 2016 by the Revised Uniform Unclaimed Property Act.[2]
Text of the compact
The legislature of each member state passes the laws with certain modifications, but the core of the legislation remains the same.
See also
External links
- The Council of State Governments - National Center for Interstate Compacts
- Uniform Unclaimed Property Act
- Uniform Law Commission
Footnotes
