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News & Press: Legislative News

AZ Senate Bill 1003

Wednesday, November 25, 2009  
Posted by: Jackie Cote
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AZ Senate Bill 1003
 
SIGNED INTO LAW BY AZ GOVERNOR

AZ Dormancy Period Reduction and

Change in 2010 Report Deadline and End Date
 
 Prepared by: Marcella Easly, GRAC Awareness and Advocacy Subcommittee Co-Chair with special thanks to UPPO Board Member Karen Anderson
 

The Arizona legislature in its Fourth Special Session passed and the Governor signed into law yesterdaya budget bill  which includes language that reduces the dormancy periods of most property by at least one year.  The dormancy period for traveler’s checks is reduced from 15 years to 3 years and the dormancy period for money orders is reduced from 7 years to 3 years.  

 

 

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