Every state, U.S. territory, and some Canadian provinces have unclaimed property laws and annual reporting requirements. Holders must report and remit property to the state of the owner’s last known address. For example, if a company located in Colorado has a customer’s address of record in New Mexico, the property must be reported to the state of New Mexico. Nexis is not a considering factor in Unclaimed Property law.
Every business has skeletons in the closet, but in unclaimed property, those skeletons don’t stay buried for long. While fall filing season helps companies clear the liabilities they already know...
Fall filing isn’t months away, it’s weeks away... If you’re a holder with unclaimed property obligations, the clock is already ticking. Most states with November 1st deadlines require due diligence...
Last spring, Wyoming unexpectedly found itself at the center of a global crypto controversy. Tasked with returning more than $270 million to claimants — from places as far away as...