An Act to Amend the Maine Revised Unclaimed Property Act and Clarify the Definition of "Virtual Currency"

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Plain-English Summary

This bill updates Maine's Unclaimed Property Act to include virtual currency as a type of unclaimed property. It defines virtual currency and sets a five-year period after which it is presumed abandoned. The bill also changes when certain retirement accounts, payroll cards, and other financial accounts are considered abandoned, and it prohibits holders from charging fees related to reporting unclaimed property.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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