Keane's Unclaimed Property Blog

Travelers Checks (2 articles)

NJ Abandoned Property: Gift Card and Travelers Check Amendment

Abandoned Property, Abandoned Property Law, Dormancy Periods, Escheat Law, Escheatment, Gift Card Escheatment, State Escheatment, Travelers Checks, Unclaimed Property, Unclaimed Property Law

American Express as well as the New Jersey Retail Merchants Association have targeted a recent law which altered the length of time upon which the state can seize travelers check and unused gift card balances. American Express is concerned with travelers checks and the NJRMA is unhappy with the law’s implications on gift cards. New […]

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Michigan HB 6421 – Passes the Senate with Proposed
Reductions in Unclaimed Property Dormancy Period

Dormancy Periods, Gift Card Escheatment, Legislative Alerts, Legislative Updates, Money Orders, Travelers Checks, Unclaimed Property, Unclaimed Property Reporting

Michigan’s new reporting bill, HB 6421 – introduced on September 8th, passed the Senate yesterday, September 23rd, 2010 with a solid vote of 461 to 36. It has been ordered to be enrolled for the Governor’s desk. For your reading convenience, details are summarized below:

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