Gov. Brian Kemp signed legislation into law last week that officials say will make it easier for Georgians to recover unclaimed funds held by the state. Senate Bill 403 was sponsored by Sen. Kay Kirkpatrick, R–Marietta, and sponsored in the House by Rep. Matt Reeves, R–Duluth.
“SB 403 is a great step for helping Georgians find and retrieve unclaimed property held by the state,” said Sen. Kirkpatrick. “This is a consumer protection bill, and I am thankful that the bill has now been signed.”
According to Kirkpatrick, SB 403 updates Georgia law governing the disposition of unclaimed property by clarifying that property will not be considered abandoned if the apparent owner has demonstrated interest in the account, including by making changes to or directing activity within it.
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