2004 Senate Bill 1340

House Roll Call 861: Passed

To revise the law governing unclaimed property, so as to reduce from seven to three years the period after which shares of stock are presumed to have been abandoned when their owner's location is unknown and the owner does not claim any dividends or other distributions. Also, to shorten the time after which stock enrolled in an automatic reinvestment plan may be considered abandoned.

101 Yeas / 3 Nays
Republican (57 Yeas / 3 Nays)
Democrat (44 Yeas / 0 Nays)
Excused or Not Voting (5)