October 18, 2017
TIME RUNNING OUT FOR HOLDERS IMPACTED BY DELAWARE’S NEW REGULATIONS
As we previously mentioned, Delaware enacted SB 13 on February 2, 2017, which was a major overhaul of its unclaimed property statute. They later amended the bill (SB 13) in June. This legislation and ensuing adopted regulations will have a...UNCLAIMED PROPERTY FALL REPORTING DUE DATES?
As you are painfully aware, time is running short to submit your Fall unclaimed property reports to all the states. If your company reports to all jurisdictions, it is even more time consuming and stressful. Just one of the confusing...
October 6, 2017
Are you new to Unclaimed Property Reporting – or just baffled by all the laws and procedures?
If you are new to – or even if you have been reporting for years, you know that AUP reporting is complicated and confusing. Each state has its own rules, dormancy periods, property type codes, and other requirements. It can...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