Manitoba Law Reform Commission releases Final Report

On January 29, 2021, the Commission released its Final Report entitled "Abandoned Accounts and Missing Money: Establishing a Process for Unclaimed Intangible Personal Property".

From the report: 
"Personal property, such as account balances, insurance policies, wages owed, and deposits, can and do become abandoned or forgotten. In other provinces and international jurisdictions, established laws and processes enable the reunification of individuals with their unclaimed property. In Manitoba, no such process exists.

The Manitoba Law Reform Commission (the “Commission”) decided to study the issue of whether this province should enact unclaimed property legislation similar to the legislation enacted in Alberta, British Columbia, Quebec and New Brunswick and recommended by the Uniform Law Conference of Canada (“ULCC”) in its draft Act.1 The Commission has, therefore, conducted extensive research, conferred with individuals in the enacting jurisdictions and consulted with interested parties to determine the benefits and difficulties of establishing an unclaimed property program in this province."

Get the full report at http://www.manitobalawreform.ca/