H1534B1665A01744 SFR:EJH 06/17/21 #90 A01744
AMENDMENTS TO HOUSE BILL NO. 1534
Sponsor: REPRESENTATIVE KAUFFMAN
Printer's No. 1665
Amend Bill, page 1, lines 8 and 9, by striking out all of
said lines and inserting
Section 1. Section 3101(b) and (e)(1)(ii) of Title 20 of the
Pennsylvania Consolidated Statutes are amended to read:
Amend Bill, page 1, lines 12 through 19; page 2, lines 1 and
2; by striking out all of said lines on said pages and inserting
(b) Deposit account.--Any bank, savings association, savings
and loan association, building and loan association, credit
union or other savings organization, at any time after the death
of a depositor, member or certificate holder, shall pay the
amount on deposit or represented by the certificate, when the
total standing to the credit of the decedent in that institution
does not exceed $10,000, to the spouse, any child, the father or
mother [or], any sister or brother or any grandchild (preference
being given in the order named) of the deceased depositor,
member or certificate holder, provided that a receipted funeral
bill or an affidavit, executed by a licensed funeral director
which sets forth that satisfactory arrangements for payment of
funeral services have been made, is presented. Any bank,
association, credit union or other savings organization making
such a payment shall be released to the same extent as if
payment had been made to a duly appointed personal
representative of the decedent and it shall not be required to
see to the application thereof. Any person to whom payment is
made shall be answerable therefor to anyone prejudiced by an
improper distribution.
* * *
(e) Unclaimed property.--
(1) In any case where property or funds owned by an
individual who has died a resident of this Commonwealth have
been reported to the Commonwealth and are in the custody of
the State Treasurer as unclaimed or abandoned property, the
State Treasurer, at any time after the death of the
individual, shall be authorized under this section to
distribute the property or to pay the amount being held in
custody where all of the following conditions are present:
2021/90SFR/HB1534A01744 - 1 -
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
* * *
(ii) The person claiming the property or the funds
is the surviving spouse, child, mother or father, [or]
sister or brother or grandchild of the decedent, with
preference given in that order.
* * *
2021/90SFR/HB1534A01744 - 2 -
1
2
3
4
5
6