SB454 - Modifying duties of banks to retain records
West Virginia - 2024 Regular Session
Introduced byFredrik Eric Nelson, Michael A. Woelfel, Robert H. Plymale
Last updated 8 months ago
3 Co-Sponsors
The purpose of this bill is to clarify the duty of banks to retain and procure records and to modify the statute of limitations for actions to enforce a demand to be uniform with the timeframe for property abandonment. This bill also provides a presumption of payment by the bank absent evidence of owner consent to renewal or escheatment to the state.
STATUS
Introduced
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