South Dakota's unclaimed property law is being updated to address virtual currency and modernize how businesses must notify the state about unclaimed assets. The bill amends the definitions section of the Uniform Unclaimed Property Act to clarify terms and expand coverage to include digital assets like cryptocurrency that holders cannot return to owners. This ensures that virtual currency sitting in abandoned accounts gets properly reported to the state treasurer, just like traditional unclaimed property.
Signed by the Governor H.J. 543
Delivered to the Governor H.J. 476
Signed by the President S.J. 456
Signed by the Speaker H.J. 454
Senate Do Pass Passed, YEAS 32, NAYS 2. S.J. 424
Senate Deferred to another day S.J. 411
Committee on Appropriations Do Pass Passed, YEAS 9, NAYS 0.
Committee on Appropriations Scheduled for hearing
First read in Senate and referred to Senate Committee on Appropriations S.J. 321
House of Representatives Do Pass Passed, YEAS 69, NAYS 1. H.J. 324
Committee on Appropriations Certified uncontested, placed on consent
Committee on Appropriations Do Pass Passed, YEAS 8, NAYS 0.
Committee on Appropriations Scheduled for hearing H.J. 1
House of Representatives Referred to House Committee on Appropriations H.J. 171
First Reading House H.J. 154
Prime sponsor · Rep
D
Dist. HD-015
Prime sponsor · Sen
R
Dist. SD-005
Cosponsors
Do Pass
Committee on Appropriations — Do Pass
Do Pass
Committee on Appropriations — Do Pass