September 30, 2017
September 29, 2017
ARE YOU ON TRACK FOR FALL UNCLAIMED PROPERTY REPORTING?
October 31st is around the corner! How are you doing on your annual Abandoned & Unclaimed Property reporting time frame? Are you still getting due diligence responses? Are you running out of time to meet all the states’ reporting deadlines?...
September 8, 2017
BOOOO! Are you ready for October 31st?
No… not Halloween – although that would be more fun! BUT, no trick - this date is important for companies who are required to file and remit their abandoned unclaimed property to the states! A reminder – don’t “get tricked”...
August 17, 2017
Holy Escheat, Plains Won!
Background In October 2014, Delaware notified Plains All-American Pipeline (“Plains”) that it intended to conduct an audit using its third-party auditor, Kelmar. Plains sued Delaware and Kelmar challenging its authority to conduct the audit, its use of estimation, and its...
August 14, 2017
RECENT SIGNIFICANT CHANGES TO STATE LAWS
Several states have recently passed laws which will affect holders' 2018 reporting. This is the first of a series of informative articles about law changes. This session includes: Delaware SB13 – passed July 29, 2017, effective with 2018 reporting period,...
August 9, 2017
DELAWARE PUBLISHES UNCLAIMED PROPERTY REGULATIONS
DELAWARE PROPOSES UNCLAIMED PROPERTY REGULATIONS OVERVIEW To comply with SB 13, enacted in February of 2017, the State of Delaware has published their new proposed unclaimed property reporting and examination regulations, effective on the date of adoption by the state....
August 1, 2017
Illinois passes new RUPPA Act
Illinois RUUPA – SB 9 On July 6, 2017, Illinois appropriation budget bill S.B. 9 became law. The Governor had vetoed the bill, but both Senate and House voted to override the veto. One of the measures added to the...
July 7, 2017
DELAWARE SOS VDA PROGRAM UPDATED – Notably a Time Sensitive Conversion for Audit to a VDA
DELAWARE SOS VDA PROGRAM UPDATED – Notably a Time Sensitive Conversion for Audit to a VDA The Department of State (“DOS”) updated the SOS VDA Program with the following: SOS VDA Website – DOS updated the Abandoned or...
July 6, 2017
Nearly a billion dollars in unclaimed property is waiting to be claimed in Missouri alone
“More than $988 million in unclaimed property is waiting to be returned to Missouri residents” … Did you ever wonder how states get all this unclaimed money to begin with? States have laws requiring companies to hand over unclaimed property...
July 5, 2017