An original bill to provide for the disposition of abandoned money orders and traveler's checks.

States that where any sum is payable on a money order, traveler's check, or similar written instrument on which a banking or financial organization or a business association is directly liable, and where the books and records of such banking or financial organization or business association show the State in which such money order, traveler's check, or similar written instrument was purchased, such 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.

Provides that where the books and records of such banking or financial organization or business association do not show the State of origin of the transaction in which such money order, travelers 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, travelers 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 origin of purchase.

Provides that where the books and records of such banking or financial organization or business association show the State of origin of the transaction wherein such money order, travelers check, or similar written instrument was purchased and the laws of such State 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, travelers 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.