HB617 Alabama 2025 Session

Summary

Primary Sponsor

Susan DuBose Representative

Republican

Session

2025 Regular Session

Title

Abandoned property, management of abandoned digital assets provided for, State Treasurer authorized to select a qualified custodian

Description

Existing law creates various procedures for state and local agencies to dispose of different classes of abandoned property.

This bill would create procedures for the sale of digital assets that are presumed abandoned.

This bill would authorize the State Treasurer to select a qualified custodian to manage digital assets held on behalf of the State Treasurer.

This bill would also provide for the sale of abandoned digital assets by the State Treasurer.

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Subjects

Consumer Protection