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PUBLIC LAW 93-496-OCT. 28, 1974
[88 STAT.
money order, traveler's check, or similar written instrument was purchased, that State shall be entitled exclusively to escheat or take custody of the sum payable on such instrument, to the extent of that State's power under its own laws to escheat or take custody of such sum; (2) if the books and records of such banking or financial organization or business association do not show the State in which such money order, traveler's check, or similar written instrument was purchased, the State in which the banking or financial organization or business association has its principal place of business shall be entitled to escheat or take custody of the sum payable on such money order, traveler's check, or similar written instrument, to the extent of that State's power under its own laws to escheat or take custody of such sum, until another State shall demonstrate by written evidence that it is the State of purchase; or (3) if the books and records of such banking or financial organizations or business association show the State in which such money order, traveler's check, or similar written instrument was purchased and the laws of the State of purchase do not provide for the escheat or custodial taking of the sum payable on such instrument, the State in which the banking or financial organization or business association has its principal place of business shall be entitled to escheat or take custody of the sum payable on such money order, traveler's check, or similar written instrument, to the extent of that State's power under its own laws to escheat or take custody of such sum, subject to the right of the State of purchase to recover such sum from the State of principal place of business if and when the law of the State of purchase makes provision for escheat or custodial taking of such sum. APPLICABILITY
note ^^^^ ^^°^
^^^' ^^^* ^^^^ *i^l® shall be applicable to sums payable on money orders, traveler's checks, and similar written instruments deemed abandoned on or after February 1, 1965, except to the extent that such sums have been paid over to a State prior to January 1, 1974. Approved October 28, 1974. Public Law 93-496
October 28, 1974 [H. R. 15427]
AN ACT rji(j amend the Rail Passenger Service Act of 1970 to provide financial assistance to the National Railroad Passenger Corporation, and for other purposes.
Be it enacted by the Senate and House of Representatives of the mim^A^'t ^^^I97A' ^^^'^^^ States of America in Congress assembled, That this Act may be 45 USC 501 cited as the "Amtrak Improvement Act of 1974". "National Rail^^^- ^- Section 304(b) of the Eail Passenger Service Act of 1970 road Passenger (45 U.S.C. 544(b)) is amended by striking out "owned" and inserting Corporation, stock j ^ lieu thcreof "voted", and by adding at the end thereof the followownership.
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