The unclaimed property laws of most states are based in whole or in part on one of the multiple versions of the Uniform Unclaimed Property Act promulgated by the Uniform Law Commission. The Uniform Act was initially promulgated by the Commission in 1954 and has been revised in 1966, 1981, 1995, and most recently in July 2016. Currently, 15 states and the Virgin Islands have substantially enacted the 1995 version of the Uniform Act, and 23 states have substantially enacted the 1981 version of the Act. The unclaimed property laws of most of the remaining states are either based on one of the earlier versions of the Uniform Act or contain a combination of provisions derived from multiple versions of the Act plus provisions unique to each jurisdiction.
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