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SB 497 - Current law requires unclaimed money or property found upon a deceased person be delivered to the public administrator. This act specifies that the public administrator, rather than the county treasurer, is responsible for placing the money to the credit of the city or county, or if it is other property, selling it at public auction. If the money received by the public administrator is demanded within five years by a legal representative of the deceased, the public administrator shall pay the money to the person. This act changes the deadline from April 1 of each year to any date on or before the first Monday of July for county commissions to receive proposals and publicly open bids from banks to be selected as the depositaries of county funds. The provision requiring counties to divide the funds is repealed. SUSAN HENDERSON MOORE
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