Rhode IslandH57402025 Regular SessionHouse

AN ACT RELATING TO PROBATE PRACTICE AND PROCEDURE -- UNCLAIMED INTANGIBLE AND TANGIBLE PROPERTY .

Sponsored By: Thomas E. Noret (Democratic)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Rhode Island expands unclaimed property coverage

Effective upon passage, the law expands Rhode Island’s unclaimed-property rules. The General Treasurer or a designee can identify additional types of intangible property for state acceptance. Coverage also includes amounts payable from trusts or custodial funds for employee benefits, such as pensions, health coverage, and severance. Owners gain broader coverage, while businesses and others holding the added property face the chapter’s existing requirements.

Sponsors & Cosponsors

Sponsor

Thomas E. Noret
Democratic • House

Cosponsors

Julie A. Casimiro
Democratic • House
Arthur J. Corvese
Democratic • House
Matthew S. Dawson
Democratic • House
Grace Diaz
Democratic • House
Kathleen A. Fogarty
Democratic • House
Katherine S. Kazarian
Democratic • House
Earl A. Read, III
Democratic • House

Roll Call Votes

All Roll Calls

Yes: 73 • No: 0

House vote • 6/16/2025

UNCLAIMED PROPERTIES PASSAGE