October 6, 2017
Fall Reporting Extensions for Businesses Affected by Recent Hurricanes
UPPO released this information Wednesday, October 4, 2017: In light of recent hurricanes, multiple jurisdictions have extended their fall unclaimed property reporting deadlines for affected businesses. UPPO has been working closely with NAUPA to determine details regarding these deadline extensions....
September 30, 2017
ALERT – DELAWARE VDA PROGRAM UPDATE NOTICE!!
We recently received a notice from the Delaware State Unclaimed Property Administration regarding an important update about the Delaware Secretary of State (SOS) Voluntary Disclosure (VDA) Program. In two weeks, (around the middle of October) the Delaware office will begin...
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