Bill Text: SC H3807 | 2017-2018 | 122nd General Assembly | Introduced
Bill Title: Unclaimed Property Day
Spectrum: Slight Partisan Bill (Republican 77-43)
Status: (Passed) 2017-02-21 - Introduced and adopted [H3807 Detail]
Download: South_Carolina-2017-H3807-Introduced.html
A HOUSE RESOLUTION
TO DECLARE WEDNESDAY, MARCH 8, 2017, AS "UNCLAIMED PROPERTY DAY" AND, IN SO DOING, URGE ALL CITIZENS TO UTILIZE THE OFFICE OF THE STATE TREASURER'S DATABASE TO SEARCH FOR UNCLAIMED PROPERTY FOR THEMSELVES, THEIR FRIENDS AND FAMILY, AND THEIR BUSINESSES.
Whereas, the principle of the holding of unclaimed property by a government for its citizens is based in English common law; and
Whereas, the South Carolina Office of the State Treasurer serves as the custodian for currently more than $550 million in unclaimed funds belonging to citizens and businesses across South Carolina; and
Whereas, the State Treasurer's Office Unclaimed Property Program safeguards unclaimed wages, checks, credit balances, bank accounts, utility deposits, insurance proceeds, money orders, travelers checks, and stocks and dividends; and
Whereas, rightful owners of unclaimed property, or their heirs, always have the right to claim property held in custody by the State Treasurer's Office; and
Whereas, holding unclaimed property for, and returning it to, the citizens and businesses of South Carolina is an important function of state government. Now, therefore,
Be it resolved by the House of Representatives:
That the members of the South Carolina House of Representatives, by this resolution, declare Wednesday, March 8, 2017, as "Unclaimed Property Day" and, in so doing, urge all citizens to utilize the Office of the State Treasurer's database to search for unclaimed property for themselves, their friends and family, and their businesses.
Be it further resolved that a copy of this resolution be presented to Curtis M. Loftis, Jr., treasurer of South Carolina.
