ENROLLED
ACT No. 156
2020 Regular Session
HOUSE BILL NO. 653
BY REPRESENTATIVE GAROFALO
1 AN ACT
2 To amend and reenact R.S. 9:159(B)(1) through (3) and 161(B), relative to unclaimed
3 property; to revise reporting thresholds for abandoned property; to revise the
4 minimum value beneath which unclaimed property need not be advertised; and to
5 provide for related matters.
6 Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 9:159(B)(1) through (3) and 161(B) are hereby amended and
8 reenacted to read as follows:
9 §159. Report of abandoned property
10 * * *
11 B. The report shall be verified and shall include all of the following:
12 (1) Except with respect to a traveler's check or money order, the name if
13 known, and last known address, if any, and the social security number or taxpayer
14 identification number, if readily ascertainable, of the apparent owner of property of
15 the value of fifty ten dollars or more.
16 (2) An aggregated amount of items valued under fifty ten dollars each.
17 (3) In the case of unclaimed money amounting to fifty ten dollars or more
18 held or owing under any annuity or life or endowment insurance policy the full name
19 and last known address of the insured or annuitant and of the beneficiary.
20 * * *
21 §161. Notice and publication of lists of abandoned property
22 * * *
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HB NO. 653 ENROLLED
1 B. The administrator is not required to advertise the name and address or
2 location of an owner of property having a total value less than fifty one hundred
3 dollars, or information concerning a traveler's check, money order, or similar written
4 instrument.
5 * * *
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.