August 9, 2017
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
Manual of Credit and Commercial Laws now available
The National Association of Credit Managers (NACM) has just released Volume 1 2017 Manual of Credit and Commercial Laws. The Volume includes General Business Law, Related Statutes and Collections. It includes detailed instructions regarding all states' unclaimed property laws. This...
June 29, 2017
Tennessee Adopts “Uniform Unclaimed Property Act”
Tennessee joins a handful of states that have introduced or enacted measures to update their unclaimed property laws to conform generally to the Revised Uniform Unclaimed Property Act drafted by the National Conference of Commissioners on Uniform State Laws. The...
May 2, 2017
Carla McGlynn sworn in as UPPO’s 2017/2018 President
MEET THE UPPO 2017/18 PRESIDENT (Article published in April 2017 UPPO Member Update Learn more.) Carla McGlynn has a habit of saying “yes” a lot. That tendency has propelled her career, kept her involved in numerous community organizations and led...
February 1, 2017
New York – Reduces voluntary compliance program lookback period to 10 years, and keeps the 1992 lookback date for audits.
New York Reach Back Period - New for 2017 New York passed legislation in January 2017 reducing the look-back or reach back period. With respect to all VCAs entered into after January 1, 2017, the reach back period relative to...DELAWARE – Governor signs SB13 into law, being the first state to enact a version of the 2016 RUUPA.
After years of criticism about the enforcement tactics of the state’s unclaimed property laws, Delaware moved to make major changes to its unclaimed property statute. Delaware’s governor in early February 2017 signed into law Senate Bill (SB 13) that makes...
July 1, 2016